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EXX - Exxaro - Trading Statement

Release Date: 24/07/2007 16:45
Code(s): EXX
Wrap Text

EXX - Exxaro - Trading Statement EXXARO RESOURCES LIMITED (formerly Kumba Resources Limited) Incorporated in the Republic of South Africa (Registration Number: 2000/011076/06) Share Code: EXX ISIN Number: ZAE000084992 ("Exxaro" or "the company") TRADING STATEMENT Shareholders are advised that Exxaro Resources Limited ("Exxaro") will release its reviewed financial results for the six-month period ended 30 June 2007 on or about 16 August 2007. Due to the unbundling of Kumba Iron Ore Limited ("KIO") and the empowerment transaction that resulted in the creation of Exxaro in the fourth quarter of 2006, earnings for the six-month period ended 30 June 2007 are not comparable with earnings reported for the corresponding period in 2006. Earnings for the six-month period ended 30 June 2006 include the consolidation of Sishen Iron Ore Company (Pty) Ltd ("SIOC") for the entire six-month period and exclude the consolidation of Eyesizwe Coal (Pty) Ltd ("Eyesizwe"). For the six-month period ended 30 June 2007, Eyesizwe Coal (Pty) Ltd has been consolidated for the entire period while Exxaro`s 20% interest in SIOC has been equity accounted. The Namakwa Sands business and a 26% interest in Black Mountain/Gamsberg which Exxaro will acquire on conversion and subsequent approval of cession of the respective mining rights are also not included in the results for the six-month period ended 30 June 2007. Attributable earnings and headline earnings for the six-month period ended 30 June 2007 are expected to be between R815 million and R855 million. Attributable earnings per share and headline earnings per share are expected to be between 232 and 258 cents. The financial information in this trading statement has not been reviewed or reported on by Exxaro`s auditors. The announcement of the results for the six-month period ended 30 June 2007 will include comparative unaudited supplementary financial information for the six-month period ended 30 June 2006 solely for information purposes. 24 July 2007 Sponsor: J.P.Morgan Equities Date: 24/07/2007 16:45:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.