TBX - Thabex Limited - Trading Statement

TBX - Thabex Limited - Trading Statement                                        
Thabex Limited                                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1988/000763/06)                                            
Share code: TBX   ISIN: ZAE000013686                                            
("Thabex" or "the Company")                                                     
Young Lions Exploring Africa                                                    
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.                        
Accordingly, a review of the financial results for the 12 months ended 28       
February 2010 by management has indicated that the loss per share is expected   
to be between 75% and 95% less and the headline loss per share is expected to   
be between 62% and 82% less than that of the previous corresponding period.     
The information on which this trading statement is based has not been           
reported on by the Company`s auditors. Thabex`s audited results for the year    
ended 28 February 2010 are expected to be released on SENS on or about 16 May   
2011.                                                                           
Johannesburg                                                                    
13 May 2011                                                                     
Sponsor                                                                         
Merchantec Capital                                                              
Date: 13/05/2011 15:21:01 Supplied by www.sharenet.co.za                     
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