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GRF - Group Five Limited - Trading statement

Release Date: 07/07/2010 12:08
Code(s): GRF
Wrap Text

GRF - Group Five Limited - Trading statement GROUP FIVE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1969/000032/06) Share code: GRF ISIN: ZAI 000027405 ("Group Five" or "the group") TRADING STATEMENT Group Five shareholders are advised that, for the year ended 30th June 2010, market related impairments of the construction materials businesses and pension fund surpluses have affected results. The group expects: - Fully diluted headline earnings per share ("FDHEPS") to be between 5%-15% higher (533 cents per share to 584 cents per share); and - Fully diluted earnings per share ("FDEPS") to be between 40%-50% lower (243 cents per share to 292 cents per share) than the FDHEPS of 508 cents per share and the FDEPS of 486 cents per share published for the previous corresponding period. F2010 FDEPS numbers above have been affected by impairment adjustments relating to the construction materials businesses. The FDHEPS numbers above have been affected by positive adjustments arising from annual pension fund valuations. In addition, and to assist for comparative purposes, - FDHEPS, had both the impairment and pension fund adjustments not been required, would be between 5% lower and 5% higher (483 cents per share to 533 cents per share) than the FDHEPS of 508 cents per share published for the previous corresponding period - the effect on both the F2009 and F2010 FDHEPS and FDEPS numbers presented above are calculated using fully diluted shares. These shares include the dilutionary effect of the shares held by the iLima Consortium at each year end. The above information has not been reviewed or reported on by Group Five`s auditors. The group`s results will be released on SENS on 10th August 2010 and the annual report will be available on the same date. Johannesburg 07 July 2010 Sponsor Nedbank Capital Date: 07/07/2010 12:08:01 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.

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