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AFE - AECI Limited - Trading statement

Release Date: 14/10/2010 10:30
Code(s): AFE
Wrap Text

AFE - AECI Limited - Trading statement AECI LIMITED Incorporated in the Republic of South Africa (Registration No. 1924/002590/06) Share code: AFE ISIN No. ZAE000000220 ("AECI" or "the Company") TRADING STATEMENT Shareholders are advised that AECI expects that its actual earnings per share ("EPS") and headline earnings per share ("HEPS"), for the full financial year ending 31 December 2010, will be at least 40% higher than those achieved for the full financial year ended 31 December 2009. This forecast could be adversely impacted should the rand strengthen further off its current levels. Once there is greater clarity on the specific range of the improvement in actual EPS and HEPS, a revised trading statement will be issued providing further guidance to shareholders prior to the publication of AECI`s full-year financial results, which are expected to be released on SENS on or about Tuesday, 22 February 2011. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company`s auditors. Woodmead, Sandton 14 October 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/10/2010 10:30:01 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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