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WEA - W G Wearne Limited - Trading statement update W G Wearne Limited (Incorporated in the Republic of South Africa) (Registration number: 1994/005983/06) JSE code: WEA ISIN: ZAE000078002 ("Wearne" or "the company") TRADING STATEMENT UPDATE At a meeting of the Wearne audit committee on 26 May 2011 a decision was taken to increase the impairments on property, plant and equipment in order to better reflect their fair value. This has resulted in an increase in the expected loss per share as reported in the trading statement issued on 17 May 2011. Shareholders are advised that the directors now expect a loss per share of between 58 cents and 62 cents and an unchanged headline loss per share of between 20 cents and 23 cents for the financial year ended 28 February 2011, compared to the loss per share and headline loss per share of 26.74 and 15.52 cents respectively, reported for the year ended 28 February 2010. The financial information on which this trading statement 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 before the end of May 2011. Johannesburg 27 May 2011 Designated Adviser Vunani Corporate Finance Date: 27/05/2011 13:12:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
