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Trematon Capital Investments Limited - Trading Statement

Release Date: 26/04/2006 13:17
Code(s): TMT
Wrap Text

Trematon Capital Investments Limited - Trading Statement Trematon Capital Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1997/008691/06) Share code: TMT ISIN: ZAE000013991 ("Trematon" or "the company") TRADING STATEMENT The directors of Trematon hereby notify shareholders that the company"s earnings and headline earnings per share for the six months ended 28 February 2006 are expected to be approximately 55% and 85%, respectively, lower than the earnings and headline earnings per share for the six months ended 28 February 2005. The primary reason for the reduction in earnings per share relates to changes in the accounting treatment of investments held for capital purposes in order to comply with International Financial Reporting Standards ("IFRS"). Similarly, the larger reduction in headline earnings per share ("HEPS") is due to the exclusion of capital profits from the calculation of HEPS in accordance with IFRS. In addition, the company has provided for income tax at the interim stage where there was previously no such provision. These adjustments have had no effect on the company"s cash balances, cash flow or net asset value. The financial information on which this trading statement is based has not been reported on by Trematon"s auditors and is expected to be published not later than 5 May 2006. Cape Town 26 April 2006 Sponsor: Bridge Capital Services (Pty) Limited Date: 26/04/2006 01:17:13 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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