ISB - Insimbi - Trading Update

ISB - Insimbi - Trading Update                                                  
Insimbi Refractory and Alloy Supplies Limited                                   
Formerly Insimbi Alloy Supplies (Proprietary) Limited                           
(Registration number 2002/029821/06)                                            
JSE share code:  ISB                                                            
ISIN Number:  ZAE000116828                                                      
("Insimbi" or "the company")                                                    
Trading update                                                                  
In terms of the Listing Requirements of the JSE Limited, companies are required 
to publish a trading statement as soon as they become reasonably certain that   
the financial results for the period to be reported on will be more than 20%    
different from that of the previous corresponding period.                       
Accordingly, a review of the financial results by management has indicated that 
for the six months ending 31 August 2009, earnings per share (EPS) and headline 
earnings per share (HEPS) for the group are expected to be 2.61 and 2.62 cents  
compared to 15.06 and 15.05 cents for the same reporting period last year.      
The drop in earnings is a direct result of the down turn in the global economy  
which has had a major impact on the steel, non-ferrous and foundry industries   
and due to an impact of secondary tax on companies ("STC") charges.  Unlike many
of its peers exposed to the same industries, Insimbi has managed to remain      
profitable in tough market conditions.                                          
Management at Insimbi expects to see a more robust second half for the above    
mentioned industries, especially steel, as signs of a sustainable upturn are    
beginning to show.                                                              
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Group`s auditors.  The results for the six months
ending August 2009 are expected to be published on or around 09 October 2009.   
18 September 2009                                                               
Designated Advisor                                                              
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration number 1970/003711/07)                                            
Date: 18/09/2009 16:00:03 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.