HULAMIN LIMITED - Revised trading statement

Revised trading statement

Hulamin Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
ISIN: ZAE000096210
("Hulamin" or “the Company”)

REVISED TRADING STATEMENT

Shareholders are referred to the trading statement released on the
Stock Exchange News Service (“SENS”) on 20 October 2014 in which
they were advised that Hulamin expected its earnings per share
(“EPS”) and headline earnings per share (“HEPS”)(together,
“results”) for the year ended 31 December 2014 to exceed 70 cents
per share, representing an improvement of more than 20% from the
results of the previous corresponding reporting period.

In the same announcement, the Company undertook to issue a further
trading statement once it had reasonable certainty on the expected
range of the improvement in EPS and HEPS.

Accordingly, shareholders are advised that Hulamin expects EPS,
HEPS and normalised EPS for the year ended 31 December 2014 to be
within the ranges shown below:

                   31 Dec 2014   % Change           31 Dec 2013
                   Expectation                      Reported
                   (cents)                          (cents)
EPS                110 to 121    (126%) to (129%)   (422)*
HEPS               112 to 123    96% to 116%        57
Normalised EPS     109 to 120    73% to 90%         63


* Hulamin reported negative EPS of 422 cents for the 2013 year
after taking account of a net impairment charge of R1.5 billion,
equivalent to 479 cents per share.

The forecast financial information on which this trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.

Hulamin's results for the year ending December 2014 are expected
to be released on SENS on or about 23 February 2015.


Pietermaritzburg
9 December 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 09/12/2014 08:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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