MZR - Mazor Group Limited - Trading Statement

MZR - Mazor Group Limited - Trading Statement                                   
Mazor Group Limited                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 2007/017221/06)                                            
Share code: MZR    ISIN: ZAE000109823                                           
("Mazor" or "the Company")                                                      
TRADING STATEMENT                                                               
In accordance with paragraph 3.4 (b) of the Listings Requirements of the JSE    
Limited, shareholders are advised that the Company`s earnings and headline      
earnings per share for the year ended 28 February 2011 will be between 70% and  
80% lower than the reported earnings and headline earnings per share for the    
prior comparative period. This decline is largely attributable to continued     
low activity within the construction sector in South Africa and, in             
particular, the Western Cape. Excess capacity within the sector has resulted    
in price pressures, leading to lower margins. Tendering activity is increasing  
with better prospects for the coming year. Trading divisions (Hulamin Building  
Systems, Compass Glass and Compass Glass SA) continue to increase market share  
and improve margins. The company has completed its rationalisation process in   
line with existing economic conditions.                                         
The company`s results for the second 6 months of this financial year are        
however expected to be better than the corresponding second 6 months of the     
previous financial year. The financial information on which this trading        
update is based has not been reviewed by the Company`s auditors. The Company`s  
results for the year ended 28 February 2011 will be released on or about 17     
May 2011                                                                        
Cape Town                                                                       
4 April 2011                                                                    
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 04/04/2011 17:32:01 Supplied by www.sharenet.co.za                     
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