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AECI Limited - Trading Statement

Release Date: 12/06/2006 08:40
Code(s): AFE
Wrap Text

AECI Limited - Trading Statement AECI LIMITED ("AECI" or "the Company") (Incorporated in the Republic of South Africa) Registration No. 1924/002590/06 Share code: AFE ISIN code: ZAE000000220 TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company must publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20 per cent from that of the previous corresponding period. AECI expects that for the half year ending 30 June 2006, headline and attributable earnings per ordinary share will be between 365 and 400 cents per share (that is, 88 to 106 per cent higher than in the first half of 2005). The reason for the expected increase in earnings is the conclusion of an unconditional agreement by the Company to dispose of 61 hectares of industrial land at Milnerton in the Western Cape for R260 million, thereby realising a substantial gain on disposal. The disposal will be recognized in the financial statements of the Company when guarantees covering the full purchase price are received, which is expected to be before the conclusion of the interim reporting period. The information in this trading statement has not been reviewed and reported on by the auditors of the Company. The results for the half year ending 30 June 2006 will be published on 25 July 2006. Sandton 12 June 2006 Sponsor J.P. MORGAN EQUITIES LIMITED Date: 12/06/2006 08:40:08 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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