SVB - Silverbridge Holdings Limited - Trading statement

SVB - Silverbridge Holdings Limited - Trading statement                         
SILVERBRIDGE HOLDINGS LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1995/006315/06)                                            
Share code: SVB     ISIN: ZAE000086229                                          
("SilverBridge" or "the company")                                               
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited, companies are required    
to publish a trading statement as soon as they become reasonably certain that   
the financial results for the period to be reported on will differ by more      
than 20% from that of the previous corresponding period.                        
Following the change in the company`s year end from February to June as         
announced on SENS on 15 March 2011, a review of the interim financial results   
for the 12 month period ended 28 February 2011 by management has indicated      
that the headline loss per share is expected to be between 2 and 6 cents and    
the loss per share is expected to be between 34 and 38 cents compared to the    
headline earnings per share of 39.7 cents and the earnings per share of 39.8    
cents for the 12 month period ended 28 February 2010.                           
The earnings per share includes impairment of goodwill of 32 cents for the 12   
month period to 28 February 2011. Impairment of goodwill is excluded from       
headline earnings. The financial information on which this trading statement    
is based has been reviewed by the company`s auditors. SilverBridge`s            
financial results are expected to be released on SENS on or about 17 May        
2011.                                                                           
Pretoria                                                                        
21 April 2011                                                                   
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 21/04/2011 12:49:01 Supplied by www.sharenet.co.za                     
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