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GRF - Group Five - Trading Statement

Release Date: 11/07/2008 11:30
Code(s): GRF
Wrap Text

GRF - Group Five - Trading Statement GROUP FIVE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1969/000032/06) Share code: GRF & ISIN: ZAE000027405 ("Group Five" or "the group") TRADING STATEMENT Group Five shareholders are advised that, for the year ended 30th June 2008, the group expects: - Fully diluted headline earnings per share (HEPS) to be between 60%-70% higher (373 cents per share to 396 cents per share); and - Fully diluted earnings per share (EPS) to be between 50%-60% higher (360 cents per share to 384 cents per share), than those published for the previous corresponding period Note that the fully diluted HEPS numbers above include earnings resulting from a sizeable fair value adjustment on service concessions (mainly on the realisation of a tollroad concession in the second half of the financial year) as well as normal pension fund surpluses. For comparative purposes, should all service concession fair value adjustments and pension fund surpluses be excluded for the year ended 30th June 2008 and for the prior comparable reporting period to 30th June 2007, fully diluted HEPS are expected to be between 55%-65% higher. The group`s results will be released on SENS on or about 11th August 2008 and the annual report will be available on the same date. Johannesburg 11 July 2008 Sponsor Nedbank Capital Date: 11/07/2008 11:30:01 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.

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