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ISA Holdings Limited - Trading statement

Release Date: 22/08/2005 16:55
Code(s): ISA
Wrap Text

ISA Holdings Limited - Trading statement ISA Holdings Limited (Formerly Y3k Group Limited) ("ISA" or "the company") (Registration number: 1998/009608/06) JSE share code: ISA (formerly YHK) ISIN code: ZAE000067344 (formerly ZAE000017208) Trading statement In accordance with the AltX Listings Requirements, shareholders are advised of the risks of investing in a company listed on AltX and are advised that the JSE does not guarantee the viability or the success of a company listed on AltX. In terms of JSE Listings requirements a Designated Adviser has to be retained by the company. The Designated Adviser is required to, inter alia, attend all board meetings held by the company to ensure that all JSE Listings Requirements and applicable regulations are complied with, approve the financial director of the company and guide the company in a competent, professional and impartial manner. If the company fails to retain a Designated Adviser it must make arrangements to appoint a new Designated Adviser within 10 business days, failing which the company faces suspension of trading of its securities. If a Designated Adviser is not appointed within 30 days of its suspension the company faces the termination of its listing without an offer to minorities. In terms of the AltX Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by at least 20% from the financial results for the previous corresponding period. ISA"s shareholders are hereby notified that its earnings per share for the six months ended 31 August 2005 are expected to be between 50% and 70% higher than the unaudited results for the six months ended 31 August 2004. Headline earnings per share for the six months ended 31 August 2005 are expected to be between 30% and 50% higher than the unaudited results for the six months ended 31 August 2004. Headline earnings per share before STC for the six months ended 31 August 2005 are expected to be between 45% and 65% higher than the unaudited results for the six months ended 31 August 2004. The financial information on which this trading statement is based has not been reviewed or reported on by the company"s auditors and there is therefore no sign off by the auditors on this trading statement. The results for the six months ended 31 August 2005 are expected to be published on or about 19 September 2005. Randburg 22 August 2005 Designated Advisor: River Group Date: 22/08/2005 04:55:12 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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