VMK - Verimark Holdings Limited - Trading Update

VMK - Verimark Holdings Limited - Trading Update                                
VERIMARK HOLDINGS LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number: 1998/006957/06)                                           
JSE Code: VMK & ISIN: ZAE000068011                                              
("the Company")                                                                 
TRADING UPDATE                                                                  
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE     
Limited, companies are required to inform shareholders as soon as there is a    
reasonable degree of certainty that the earnings of the company are likely to   
vary by more than 20% compared to the previous reporting period.                
The Board of Directors refers to the trading update dated 21 January 2011 and   
is now able to refine the range of the expected improvement for the year        
ended 28 February 2011. The headline earnings per share and basic earnings      
per share are expected to be between 30.0 cents and 31.7 cents respectively,    
compared to a headline earnings per share and a basic earnings per share of     
12.4 cents and 12.4 cents, respectively, for the previous comparable period.    
The positive growth is due to a substantial increase in turnover and the new    
management team`s commitment to return Verimark to its former success record.   
The information in this trading update has not been reviewed or reported on     
by the Company`s auditors.                                                      
The final trading results are expected to be released on 23 May 2011.           
Randburg                                                                        
09 May 2011                                                                     
Sponsor:  Grindrod Bank Limited                                                 
Date: 09/05/2011 16:20:00 Supplied by www.sharenet.co.za                     
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