Bell Equipment Limited - Trading Update

Bell Equipment Limited - Trading Update                                         
BELL EQUIPMENT LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1968/013656/06                                              
Share code: BEL           ISIN: ZAE000028304                                    
("Bell" or "the Company")                                                       
Trading Update                                                                  
In line with comments contained in previous announcements and most recently in  
our 2005 annual report, the directors are pleased to announce that with the     
termination of the contract which resulted in sales to John Deere at a gross    
loss which are now done on a cost plus margin basis , the benefits of the       
royalty based agreements whereby Bell produces Deere products in South Africa   
and Deere assembles Bell Articulated Dump Trucks in the USA, and general        
improvements, the results for the first quarter of 2006 which are unaudited and 
have not been reviewed by the external auditors reflect an after tax profit of  
R27,06 million which translates into headline earnings of 28 cents per share.   
This announcement should not be seen as a precedent for quarterly trading       
statements in the future.                                                       
By order of the Board                                                           
Richards Bay                                                                    
3 May 2006                                                                      
Sponsor:  Investec Bank Limited                                                 
Date: 03/05/2006 09:00:56 AM Supplied by www.sharenet.co.za                     
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