ORE - Orion Real Estate Limited - Trading Update

ORE - Orion Real Estate Limited - Trading Update                                
ORION REAL ESTATE LIMITED                                                       
Incorporated in the Republic of South Africa)                                   
(Registration number: 1997/021085/06)                                           
Share Code: ORE   ISIN: ZAE000075651                                            
("Orion Real Estate" or "the company")                                          
TRADING UPDATE                                                                  
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE         
Limited, listed companies are required to publish a trading statement as soon   
as they become reasonably certain that the financial results for the next       
period to be reported on will be more than 20% different from those of the      
previous corresponding period or from a profit forecast previously provided     
to the market in relation to such period.                                       
The board would like to advise shareholders that the earnings and headline      
earnings per linked unit are expected to decrease by between 35% to 45% for     
the six months ended 31 December 2010.                                          
This trading statement has not been reviewed or reported on the Company`s       
external auditors.                                                              
Johannesburg                                                                    
18 March 2011                                                                   
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 18/03/2011 09:23:00 Supplied by www.sharenet.co.za                     
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