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Group Five Limited - Trading statement

Release Date: 15/12/2005 16:31
Code(s): GRF
Wrap Text

Group Five Limited - Trading statement Group Five Limited (Incorporated in the Republic of South Africa) (Registration number 1969/000032/06) Share code: GRF ISIN: ZAE000027405 ("Group Five" or "the company") TRADING STATEMENT Group Five shareholders are advised that headline earnings per share ("HEPS") and earnings per share ("EPS") for the six months ended 31 December 2005 are expected to exceed those published for the previous corresponding period (as adjusted for the adoption of International Financial Reporting Standards ("IFRS")). The impact of IFRS on previously reported HEPS and EPS adjust downwards, is less than 5%. After the strong base created in the second half of the financial year 2005 and on the back of continued strong growth in a buoyant construction market, earnings growth is expected for the six months to 31 December 2005. HEPS is expected to increase by between 30%-40% and EPS between 15%-25% for the six months to 31 December 2005 when compared to the six months to 31 December 2004. These forecasts for the six months to December 2005 have not been reviewed or reported on by the company"s auditors. The Company"s results for the six months ended 31 December 2005 are expected to be published on or about 15 February 2006. Enquiries: Mike Lomas, Group Five CEO 011 806 0245 Paul O"Flaherty, Group Five CFO 011 806 0172 Johannesburg 15 December 2005 Sponsor Nedbank Capital Date: 15/12/2005 04:31:19 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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