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ASR - Assore Limited - Trading statement Assore Limited (Incorporated in the Republic of South Africa) Registration number 1950/037394/06 Share code: ASR ISIN: ZAE000017117 ("the Assore group") TRADING STATEMENT Shareholders are advised that subsequent to the financial year ended 30 June 2008, the Assore group continued to benefit from strong demand and US Dollar and Euro prices in the base mineral markets in which it operates. However these trading conditions have changed radically since the world economic turmoil which set in at the beginning of October 2008 due to a shortage of bank and consumer credit. As a result demand and prices have decreased substantially for all the group`s products, with the exception of iron ore where export volumes have remained satisfactory but the spot price has weakened. Results of the group continue to be significantly exposed to fluctuations in exchange rates and have benefitted from the weaker rates which prevailed towards the end of the half year. Attributable earnings per share for the half year to 31 December 2008 are anticipated to be between R120.00 and R130.00 (half year ended 31 December 2007: R24,85 per share). Accordingly headline earnings per share are expected to be between R120.00 and R130.00 (half year ended 31 December 2007: R24,13 per share). Earnings per share calculations are based on a weighted average of 23,92 million shares in issue for the half year (half year ended 31 December 2007: 27,00 million). The above earnings forecast information has not been reviewed or reported on by the Assore group`s auditors. The results for the half year ended 31 December 2008 are expected to be published on or about 19 February 2009. Illovo Boulevard Johannesburg 29 January 2009 Contact details: Celine Stemmett Switchboard: (011) 770 6800 Direct line: (011) 770 6948 Email: celinestemmett@assore.com Sponsor Standard Bank Date: 29/01/2009 16:00:02 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.
