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BNT - Bonatla Property Holdings - Further trading statement for the year ended 31 December 2010 BONATLA PROPERTY HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration Number 1996/014533/06 Share Code: BNT ISIN Number: ZAE000013694 ("Bonatla" or "the company") FURTHER TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2010 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 compared to the previous year: Headline earnings per share is expected to improve from a headline loss per share to headline earnings per share when compared to the previous year, with an anticipated improvement from a loss of 0.7 cents per share to a profit of between 1.75 and 1.95 cents per share. Earnings per share is expected to decline from a loss of 0.7 cents per share to a loss of between 1.3 and 1.5 cents per share. The net asset value and net tangible asset value of the company is expected to increase by between 55% and 65% for the comparable period. In addition to the above, the board would like to advise shareholders that Bonatla published a profit forecast for the year ending 31 December 2010 in a circular to shareholders dated 11 April 2009, wherein both earnings and headline earnings per share were anticipated to be 2.07 cents per share. Accordingly, shareholders are advised that headline earnings are expected to be between 6% and 16% lower than the profit forecast and the earnings per share is expected to be between 163% and 173% lower than the profit forecast. The lower earnings per share is primarily due to once off impairments related to new acquisitions during the second half of the year, which will be detailed in the forthcoming results announcement. The financial information on which this trading statement is based has not been reviewed by the company`s auditors. Houghton 18 March 2011 Sponsor Arcay Moela Sponsors (Proprietary) Limited Date: 18/03/2011 12:10:06 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.
