TSX - Trans Hex Group Limited - Trading Statement

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" or "the Group")                                   
TRADING STATEMENT                                                               
Trans Hex is currently finalising its results for the six months ended 30       
September 2008 ("the period"), which should be released on SENS on 12 November  
2008.                                                                           
Continuing Operations                                                           
The loss for the period is expected to be R56,0 million compared to a loss of   
R2,7 million for the corresponding reporting period of the previous year. The   
Group is expecting to report a loss per share of 53,0 cents (2007: loss of 2,6  
cents) and headline loss per share of 52,0 cents (2007: loss of 22,0 cents).    
Discontinued Operations                                                         
The operations of two deepwater mining vessels have been discontinued at        
financial year end.  The after tax loss for the period was R8,4 million (2007:  
R8,4 million).                                                                  
The financial information on which this trading statement is based has not been 
reviewed and reported on by the Company`s auditors.                             
Comments                                                                        
The loss for the period was due primarily to the last tender sale coinciding    
with the global banking credit crisis, which resulted in lower volumes sold, as 
well as a 20% drop in the average price per carat. This reduced revenue by      
approximately R78 million.                                                      
Cape Town                                                                       
31 October 2008                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Namibian Sponsor                                                                
IJG CORPORATE FINANCE (PTY) LTD                                                 
Date: 31/10/2008 12:49:26 Supplied by www.sharenet.co.za                     
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