TSX - Trans Hex - Trading Statement

TSX - Trans Hex - 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 2009 ("the period"), which should be released on SENS on 10 November  
2009.                                                                           
The profit for the period is expected to be R9 million compared to a loss of    
R64 million for the previous corresponding reporting period.                    
The Group is expecting to report earnings per share for continuing operations   
of 9,7 cents (Sep 2008: loss of 53,0 cents) and headline earnings per share of  
9,1 cents (Sep 2008: headline loss of 52,0 cents).                              
The financial information on which this trading statement is based has not      
been reviewed and reported on by the Company`s auditors.                        
COMMENTS                                                                        
The following salient points will be fully reported upon, when the Group        
releases its results:                                                           
- following the drop in diamond prices and demand during the previous           
financial year due to the global economic crisis, prices for Trans Hex          
production have since strengthened, and all available production has been       
sold;                                                                           
- stringent cost management has resulted in substantial reductions in cash      
operating costs against the previous comparative period;                        
- effective cash generation by the Group`s operations has resulted in net cash  
flow increasing from a net outflow of R97 million to a net inflow of R42        
million;                                                                        
- the Group had a net cash position at the end of the period of R247 million    
(Sep 2008: R97 million).                                                        
Cape Town                                                                       
2 November 2009                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Namibian Sponsor                                                                
IJG CORPORATE FINANCE (PTY) LTD                                                 
Date: 02/11/2009 16:57:02 Supplied by www.sharenet.co.za                     
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