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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 six months ended 31 December 2010, the group expects: - Fully diluted headline earnings per share ("FDHEPS") to be between 15%-25% lower (187 cents per share to 212 cents per share); and - Fully diluted earnings per share ("FDEPS") to be between 70%-80% lower (48 cents per share to 72 cents per share) - Earnings per share ("EPS") to be between 70% - 80% lower (53 cents per share to 80 cents per share) than the FDHEPS of 249 cents per share, the FDEPS of 239 cents per share and the EPS of 265 cents per share published for the previous corresponding period. The majority of the group`s businesses performed in accordance with forecasts in the six months under review, however, the FDHEPS result was impacted by the further deterioration of trading conditions and increased uncertainty in forecasts in the aggregates and readymix concrete market from the levels reported in August 2010. Management therefore also deem it prudent to further impair the carrying value of the long term assets of the Construction Materials businesses which decreased the FDEPS result. In addition, and to assist for comparative purposes, - Earnings for the current period have not been affected materially by any pension fund valuations or fair value adjustments on service concessions - The effect on both the H1 F2010 and H1 F2011 FDHEPS and FDEPS guidance given above is calculated using fully diluted shares. These shares include the dilutionary effect of the shares held by the group`s previous BBBEE partner, iLima Consortium, at each period end. These shares are expected to revert to treasury shares, and thereafter be cancelled, once certain legal processes are completed, but remained in issue at 31 December 2010. 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 14th February 2011 when the group will be updating the market on its business in a presentation in Johannesburg on the same day, and in Cape Town on 15th February 2011. The presentation will be available on the 14th February 2011 for all stakeholders on the group`s website, www.groupfive.co.za Johannesburg 18 January 2011 Sponsor Nedbank Capital Date: 18/01/2011 14:32:01 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.
