ASR - Assore Limited - Trading Statement

ASR - Assore Limited - Trading Statement                                        
Assore Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number: 1950/037394/06                                             
Share code: ASR                                                                 
ISIN: ZAE000017117                                                              
("the Assore group")                                                            
TRADING STATEMENT                                                               
Sales volumes for all products have improved compared to the previous           
financial year, and U.S. dollar prices for all products increased across        
the year and particularly in the second half of the financial year.  Prices     
for iron ore now exceed the levels they were at in September 2008 when the      
world economic turmoil commenced, however, prices for manganese ore and         
alloys, and chrome ore and alloys remain significantly below the levels         
achieved prior to September 2008.  Most of group sales remain priced in         
U.S. dollars and results have been adversely affected by stronger exchange      
rates which prevailed throughout the year when compared to exchange rates       
in the 2009 financial year.                                                     
As a result, both attributable and headline earnings per share for the year     
ended 30 June 2010 are anticipated to be between R57,00 and R64,00 (year        
ended 30 June 2009: attributable earnings of R136,69 per share, and             
headline earnings of R137,72 per share).  Earnings per share calculations       
are based on a weighted average of 23,94 million shares in issue (year          
ended 30 June 2009: 23,71 million shares).                                      
The above earnings per share information has not been reviewed or reported      
on by the Assore group`s auditors and the results for the year ended 30         
June 2010 are expected to be published on or about 3 September 2010.            
Illovo Boulevard                                                                
Johannesburg                                                                    
23 August 2010                                                                  
Contact details:                                                                
Ross Davies                                                                     
Switchboard: (011) 770 6800                                                     
Direct line: (011) 770 6815                                                     
E-mail: rossdavies@assore.com                                                   
Sponsor                                                                         
Standard Bank                                                                   
Date: 23/08/2010 16:33:01 Supplied by www.sharenet.co.za                     
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