MMG - MICROmega - Trading Statement

MMG - MICROmega - Trading Statement                                             
MICROmega - Trading Statement                                                   
MICROmega Holdings Limited                                                      
(Registration number 1998/003821/06)                                            
(Incorporated in the Republic of South Africa)                                  
ISIN code:ZAE000034435        Share code: MMG                                   
("MICROmega" or "the Group")                                                    
TRADING STATEMENT                                                               
In compliance with paragraph 3.4 of the Listing Requirements of the JSE         
Limited, a listed company is required to publish a trading statement as soon    
as it becomes aware that the financial results for the next period to be        
reported on will differ by at least 20% from those of the previous reported     
period.                                                                         
MICROmega wishes to advise shareholders that earnings per share for the year    
ended 31 December 2008 are expected to be between 48% and 50% higher than the   
earnings per share of 41.45 cents for the year ended 31 December 2007.          
Headline earnings per share for the same period are expected to be between 3%   
and 4% lower than the headline earnings per share of 41.91 cents for the year   
ended 31 December 2007.                                                         
The timing of this trading statement has been directly influenced by the        
finalization of the accounting treatment of certain items of the discontinued   
operations within Kolbenco (Proprietary) Limited, which were finalized this     
week.                                                                           
The financial information on which this trading statement is based has not      
been reviewed or reported on by the group`s auditors. The group`s results for   
the year ended 31 December 2008, are expected to be published on or around      
the 30 March 2009.                                                              
27 March 2009                                                                   
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 27/03/2009 09:55:02 Supplied by www.sharenet.co.za                     
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