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AMS - Anglo Platinum Limited - Trading Statement

Release Date: 13/01/2011 15:00
Code(s): AMS
Wrap Text

AMS - Anglo Platinum Limited - Trading Statement ANGLO PLATINUM LIMITED Incorporated in the Republic of South Africa Registration number 1946/022452/06 Share code: AMS ISIN: ZAE000013181 ("the Company") TRADING STATEMENT In accordance with section 3.4 (b) of the Listings Requirements of the JSE Limited, Anglo Platinum Limited hereby advises shareholders that basic earnings per share for the year ended 31 December 2010 are expected to increase to between 3,579 cents and 3,825 cents from the basic earnings per share of 1,234 cents for the year ended 31 December 2009 (restated from 1,269 cents). Headline earnings per share for the year ended 31 December 2010 are expected to increase to between 1,907 and 1,965 cents from the headline earnings per share of 289 cents (restated from 298 cents). The weighted average number of ordinary shares in issue in 2010 was 254.8 million, compared to 243.7 in 2009 (restated from 236.9). The restatements in earnings per share and the change in the number of weighted average shares in issue arise due to the proforma increase in shares in issue at 31 December 2009, resulting from the discount at which the rights offer was offered to shareholders. The expected increase in earnings is primarily as a result of higher Rand prices achieved on metals sold. In addition, basic earnings will be impacted by the profit on the disposal of a 37% interest in the Western Bushveld Joint Venture and a 5% interest in RBPlatinum Limited. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Anglo Platinum Limited intends to publish its audited annual results on 7 February 2011. 13 January 2011 Johannesburg Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/01/2011 15:00:01 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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