MTA - Metair Investments Limited - Updated Trading Statement

MTA - Metair Investments Limited - Updated Trading Statement                    
METAIR INVESTMENTS LIMITED                                                      
Reg No. 1948/031013/06                                                          
(Incorporated in the Republic of South Africa)                                  
Share code : MTA                                                                
ISIN code : ZAE 000090692                                                       
("Metair" or "the Group")                                                       
UPDATED TRADING STATEMENT                                                       
In terms of the JSE Limited Listings Requirements, companies are required to    
publish a trading statement as soon as they are reasonably certain that the     
financial results for the current reporting period will differ by more than 20% 
from those of the previous corresponding period.                                
Shareholders are referred to the trading statement published on SENS by the     
Group on 22 November 2010 where the Group advised that it expects the Group`s   
headline earnings per share ("HEPS") and basic earnings per share ("EPS") for   
the year ending 31 December 2010 to be greater than 170 and 175 cents per share,
respectively, compared to HEPS of 67 cents and EPS of 37 cents for the year     
ended 31 December 2009, respectively, and are advised that this trading         
statement constitutes the further guidance referred to therein.                 
As the Group has now obtained additional certainty regarding its results for the
year ended 31 December 2010, an updated trading statement is provided below.    
Headline Earnings                                                               
Metair advises its` shareholders that it expects the Group`s HEPS for the year  
ended 31 December 2010 to be between 183 cents and 196 cents, compared to the 67
cents for the previous corresponding period.                                    
Basic Earnings                                                                  
EPS is expected to be between 194 cents and 201 cents compared to the 37 cents  
for the previous corresponding period.                                          
It is anticipated that results for the year ended 31 December 2010 will be      
published on or about 15 March 2011.                                            
The above information has not been reviewed or reported on by the Group`s       
external auditors.                                                              
BY ORDER OF THE BOARD                                                           
Johannesburg                                                                    
22 February 2011                                                                
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 22/02/2011 10:21:00 Supplied by www.sharenet.co.za                     
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