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TSX - Trans Hex Group Limited - 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 Group") TRADING STATEMENT Trans Hex is currently finalising its results for the year ended 31 March 2010 ("the period"), which will be released on SENS on or about 31 May 2010. The profit for the period is expected to be R22 million compared to a loss of R798 million for the previous comparable reporting period. The Group is expecting to report earnings per share for continuing operations of 23,8 cents (2009: loss of 719,4 cents) and headline earnings per share of 22,1 cents (2009: headline loss of 585,1 cents). The financial information on which this trading statement is based has not been reviewed and reported on by the Group`s auditors. COMMENTS The following salient points will be fully reported upon, when the Group releases its results for the period: - During the period, prices have improved significantly and demand for Trans Hex production has remained strong compared to a difficult 2009 financial year when demand and prices for rough diamond production fell significantly due to the global financial crisis. - Stringent cost management resulted in substantial reductions in cash operating costs against the previous comparative period. - Net cash generated was R40 million (2009: R11 million generated) resulting in the Group`s net cash position increasing to R246 million (2009: R205 million). The cash balance at end of year would have been R307 million if the 10% lots of diamonds tied up at the State Diamond Trader, valued at R61 million had been sold during the current financial year. Cape Town 25 May 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Namibian Sponsor IJG CORPORATE FINANCE (PTY) LTD Date: 25/05/2010 07:05:06 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.
