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TSX - Trans Hex Group Limited - Trading statement TRANS HEX GROUP LIMITED Incorporated in the Republic of South Africa Registration number (1963/007579/06) Share code: TSX ISIN: ZAE000018552 ("Trans Hex" or "the Company") TRADING STATEMENT Trans Hex is currently finalising its results for the year ended 31 March 2008 ("the period"), which should be released on SENS on 28 May 2008. CONTINUING OPERATIONS Headline earnings per share for the period are expected to be 8.6 cents compared to 31.2 cents for the prior year. The loss for the period (after accounting for the impairment of R26,4 million described below) is expected to be R1,4 million (1,5 cents per share) compared with a profit of R51,8 million (48,9 cents per share) for the previous year." DISCONTINUED OPERATIONS The operations of two deepwater mining vessels have been discontinued at financial year end. The after tax loss for the period was R16,72 million (2007: R10,059 million). IMPAIRMENT An impairment of R26,4 million resulting from a decrease in value of the investment in Diamond Fields International Limited (DFI), gained as part of the Group`s Benguela Concessions Limited acquisition in 2000, has impacted profits. The DFI share price has continually declined since acquisition and is now considered to be of a permanent nature and the write-down has been reclassified from equity to the income statement. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s auditors. COMMENTS The following highlights will be fully reported upon, when the Group releases its results; - Second half headline earnings of R41 million compared to first half headline loss of R32 million - Extended life of mine achieved at Bloeddrift and Baken - Operating cost reduction results in 2,4% decrease in cost per cubic metre at SA land operation - Production at Laurica increased by 16% - Operational responsibility taken over at Fucauma - Bulk sampling at Luana proves 10,4 million carat resources - Deep water mining operations discontinued Cape Town 22 May 2008 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Namibian Sponsor IJG CORPORATE FINANCE (PTY) LTD Date: 22/05/2008 12:47:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
