RLO - Reunert Limited - Trading statement

RLO - Reunert Limited - Trading statement                                       
REUNERT LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
Registration Number:  1913/004355/06                                            
ISIN:  ZAE000057428                                                             
JSE Code:  RLO                                                                  
("Reunert")                                                                     
TRADING STATEMENT                                                               
Reunert is currently finalising its results for the six-months ended 31 March   
2011, which should be released on SENS on or about 17 May 2011. Shareholders are
advised that, with a reasonable degree of certainty:                            
- earnings per share will be between 105% and 115% higher;                      
- headline earnings per share will be between 15% and 21% higher; and           
- normalised headline earnings per share will  be between 6% and 12% higher     
than the corresponding reporting period of the previous year.                   
The increase in earnings per share is primarily attributable to the gain on the 
sale of Reunert`s investment in Nokia Siemens Networks South Africa in January  
2011 for R793,5 million, as fully disclosed on SENS on 4 February 2011. In the  
comparable period in the prior year, headline earnings included a cost in       
respect of BEE credentials which has not been repeated this year. Both the above
transactions are excluded from the calculation of the normalised headline       
earnings per share.                                                             
The forecast financial information on which this trading statement is based has 
not been reviewed and reported on by the Company`s external auditors.           
Sandton                                                                         
19 April 2011                                                                   
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 19/04/2011 16:29:25 Supplied by www.sharenet.co.za                     
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