ATR - Africa Cellular Towers Limited - Trading Update

ATR - Africa Cellular Towers Limited - Trading Update                           
AFRICA CELLULAR TOWERS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2000/027374/06)                                            
JSE code: ATR                                                                   
ISIN: ZAE000088084                                                              
("ACTOWERS" or "the company")                                                   
TRADING UPDATE                                                                  
Shareholders are advised that the company is in the process of finalising its   
results for the year ended 28 February 2011 and expects to reflect a loss per   
share of between 35.5 cents and 39.3 cents and a headline loss per share of     
between 29.3 cents and 32.3 cents when compared to the loss and headline loss   
per share of 25.9 cents and 22.9 cents, respectively, for the year ended 28     
February 2010.                                                                  
The turnaround strategy of the company is starting to bear fruit and ACTOWERS   
experienced an improved second half of 2011 with the biggest losses being       
incurred in the first half of 2011. A view was taken on JK Shelters and the     
remainder of the goodwill, to the amount of R22 million, was written off. The   
Power Lines Division has secured some good contracts and this division is the   
best performer of the company.                                                  
The financial information on which this trading update is based has not been    
reviewed or reported on by the company`s auditors.                              
The company`s results for the year ended 28 February 2011 are expected to be    
released on SENS on or about 20 May 2011.                                       
13 May 2011                                                                     
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 13/05/2011 13:00:01 Supplied by www.sharenet.co.za                     
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