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BVT - Bidvest - Trading Statement For The Year Ended June 30 2009 The Bidvest Group Limited Incorporated in the Republic of South Africa Registration number 1946/021180/06 Share code: BVT ISIN: ZAE000117321 ("Bidvest") Trading Statement for the year ended June 30 2009 Bidvest announces that it expects headline earnings per share and basic earnings per share for the year ended June 30 2009 to be 12% to 14% lower than those of the prior year. Headline earnings per share (HEPS) The decline in headline earnings is in part due to the expensing of one off closure and reorganisation costs within the motor retail and UK foodservice and Ontime Automotive businesses. Net of tax these one off costs amount to 40 cents per share. Basic earnings per share (BEPS) Basic earnings were positively impacted by the sale of the investment in Enviroserv Limited but negatively impacted by the impairment of property, plant and equipment, the disposal and closure of certain subsidiaries and operations as well as the IFRS impairment of approximately R160 million in the value of the Group`s listed equity accounted investments. These decisive actions were deliberately taken to put the Group in a stronger position at a time of uncertainty and worldwide economic recession. Difficult times provide opportunity and Bidvest is alert to the potential this offers. This trading statement has not been reviewed or reported on by Bidvest`s external auditors. The release of the announcement of the results for the year ended June 30 2009 will be published on August 31 2009. By order of the board August 12 2009 Sponsor: Investec Bank Limited Date: 12/08/2009 09:10:01 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.
