HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual

HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual       
General Meeting                                                                 
Howden Africa Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/002982/06)                                            
Share code: HWN     ISIN: ZAE000010583                                          
("HAHL")                                                                        
Chairman`s Statement at the Annual General Meeting                              
After 5 months of the current financial year I am sure shareholders would wish  
me to update them regarding the present trading position.                       
Order book levels in the Fans and Heat Exchangers division have remained ahead  
of the position reported at the end of December 2009. The slowdown in private   
sector investment, however, has affected the Environmental Control division     
which continues to report a decline in its order book despite a number of       
promising prospects, and this will raise challenges through the year.           
However, the Board has resolved to focus on maintaining the quality of earnings 
in line with prior years despite Revenue pressures.                             
Dividend Announcement                                                           
It gives me pleasure to report that the strength of the Group`s balance sheet   
allows that consideration be given to a special dividend and in this regard the 
Directors have resolved to declare a dividend of 75 cents payable to all        
shareholders registered in the books of the Company on 25 June 2010. Full       
details released on SENS earlier today.                                         
3 June 2010                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 03/06/2010 12:05:02 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.