MML - Metmar Limited - Trading statement

MML - Metmar Limited - Trading statement                                        
METMAR LIMITED                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1998/007269/06)                                            
Share code: MML                                                                 
ISIN code: ZAE000078747                                                         
("Metmar" or "the Company")                                                     
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.                            
Headline earnings per share for the year ended 28 February 2011 are expected    
to increase by between 56% - 76% over those of the previous corresponding       
period.                                                                         
Shareholders are advised that the Company`s attributable earnings per share     
for the year ended 28 February 2011 are expected to decrease by between 60% -   
80% over those of the previous corresponding period.                            
The main contributor to the difference in the percentage decrease in            
attributable earnings per share is the profit from sale of PGR 17 Investments   
(Proprietary) Limited amounting to R126 million after taxation, which was       
included in attributable earnings in the previous corresponding period.         
The financial information on which this trading statement is based has not      
been reviewed or reported on by the Company`s auditors.                         
Shareholders are advised that the results for the year ended 28 February 2011   
will be released no later than 6 May 2011.                                      
Johannesburg                                                                    
22 March 2011                                                                   
Sponsor                                                                         
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 22/03/2011 12:28:00 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.