ISB - Insimbi - Trading statement

ISB - Insimbi - Trading statement                                               
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 statement                                                               
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 year ending 28 February 2010, earnings per share (EPS) and headline     
earnings per share (HEPS) for the group are expected to be approximately 80%    
lower compared to the same reporting period in the previous year.               
This is in line with our interim trading update. The recovery that was          
anticipated did not materialise in the second half of the financial year but was
delayed and we are now experiencing this recovery in the first quarter of the   
new financial year.                                                             
A further announcement in this regard will be made once the Company has         
determined its precise range for the period ended 28 February 2010.             
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 year ending 28 February 2010 are expected to be published on
or around 24 May 2010.                                                          
1 April 2010                                                                    
Designated Advisor                                                              
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration number 1970/003711/07)                                            
Date: 01/04/2010 17:00:01 Supplied by www.sharenet.co.za                     
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