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ISB - Insimbi Refractory and Alloy Supplies - Trading Update 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 update In terms of the Listings 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 six months ending 31 August 2010, earnings per share ("EPS") are expected to be between 145% and 165% and headline earnings per share ("HEPS")between 25% and 45% higher than reported for the corresponding six month period, These increases are as result of: an general improvement in the market for our range of products a general increase in the prices of commodities compared to the same period last year the negative goodwill associated with the acquisition of Metlite as disclosed in the SENS dated 25th August 2010 the positive contribution in earnings and headline earnings resulting from the acquisition of Metlite effective 13th July 2010 as per SENS dated 25th August 2010 The financial information on which this trading statement is based has not been reviewed or reported on by the Group`s auditors. The interim results for the period ended 31 August 2010 will be published by no later than 8th October 2010. 27 August 2010 Designated Advisor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 27/08/2010 12:33:29 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.
