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HWN - Howden Africa Holdings Limited - Trading update Howden Africa Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/002982/06) Share code: HWN ISIN: ZAE000010583 ("HAHL" 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. Shareholders are advised that forecast earnings and headline earnings per share from continuing operations are in the range of between 88.0 cents and 119.0 cents for the year to 31 December 2010, which compares with the earnings and headline earnings per share of 152.48 cents and 152.50 cents respectively from continuing operations for the year ended 31 December 2009. The forecast earnings and headline earnings per share for the year ended 31 December 2010 were affected by tough trading conditions in the environmental control markets, and an STC amount of R4.9 million in respect of the special dividend of R49.3 million paid on 5 July 2010. The impact of the STC charge on the special dividend was such that earnings and headline earnings per share from continuing operations for the year ended 31 December 2010 would have ranged from 96.0 cents and 126.0 cents, respectively. Excluding the aforementioned tax adjustments, the forecast earnings per share would still be more than 20% different from that of the previous reporting period. The financial information on which this trading statement is based has not been reviewed or reported on by HAHL`s auditors. The results for the year ended 31 December 2010 are expected to be published at the end of March 2011. 17 February 2011 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration number 1970/003711/07) Date: 17/02/2011 17:00:01 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.
