Transpaco Limited - Trading Statement

Transpaco Limited - Trading Statement                                           
Transpaco Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Reg No 1951/000799/06)                                                         
JSE Share Code:     TPC                                                         
ISIN:               ZAE000007480                                                
TRADING STATEMENT                                                               
Earnings and headline earnings per share for the half year ended 31 December    
2005 are expected to be between 25 % to 30  % and  20% to 25 % lower            
respectively compared with the previous corresponding period.  The greater      
decline in earnings per share than in headline earnings per share is due to the 
discontinuation of two divisions which resulted in nonrecurring losses.  All    
other divisions operated profitably.                                            
The decline in earnings is attributed inter alia to:                            
-    high raw material prices resulting from the high oil prices and the import 
parity pricing policy of suppliers;                                        
-    low cost import replacement in Transpaco"s markets.                        
The above two factors adversely affecting both sales volumes and gross profit   
margins.                                                                        
Cash flow for the period remained strong.                                       
It is expected that the interim results for the six months ended 31 December    
2005 will be released on or about 24 February 2006.                             
The information contained in this trading statement has not been reviewed and   
reported on by Transpaco"s auditors.                                            
Johannesburg                                                                    
24 January 2006                                                                 
Sponsor: Investec Bank Limited                                                  
Date: 24/01/2006 04:08:21 PM Supplied by www.sharenet.co.za                     
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