ADI - Adaptit Holdings Limited - Trading Update

ADI - Adaptit Holdings Limited - Trading Update                                 
ADAPTIT HOLDINGS LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017276/06)                                            
Share code: ADI   ISIN: ZAE000113163                                            
("AdaptIT" or "the Company")                                                    
TRADING UPDATE                                                                  
In terms of the Listings Requirements of 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 differ by more      
than 20% from that of the previous corresponding period.                        
Accordingly, a review of the financial results for the six month period ended   
31 December 2010 by management has indicated that the earnings per share is     
expected to be between 2.96 and 3.90 cents and the headline earnings per        
share is expected to be between 3.21 and 3.91 cents, compared to the earnings   
per share of 4.73 cents and the headline earnings per share of 3.50 cents for   
the six month period ended 31 August 2009.                                      
The interim earnings per share for the current period, was lower than that of   
the six month period ended 31 August 2009, mainly due to the impact the         
change in year-end had on the timing of the recognition of revenue, as well     
as the non-recurring costs relating to the acquisition of the non-controlling   
interests of ITS Holdings (Proprietary) Limited and ApplyIT (Proprietary)       
Limited. The impact on earnings from the acquisition of the non-controlling     
interests will only be reflected in results going forward.                      
The financial information on which this trading statement is based has not      
been reviewed or reported on by the company`s auditors. AdaptIT`s interim       
financial results are expected to be released on SENS on or about 16 February   
2011.                                                                           
Durban                                                                          
9 February 2011                                                                 
Sponsor                                                                         
Merchantec Capital                                                              
Date: 09/02/2011 17:34:01 Supplied by www.sharenet.co.za                     
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