AFR - AFGRI Limited - Trading Statement AFGRI Limited

AFR - AFGRI Limited - Trading Statement AFGRI Limited                           
AFGRI Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
Registration Number: 1995/004030/06                                             
ISIN: ZAE000040549                                                              
JSE share code: AFR                                                             
("AFGRI" or "the Company")                                                      
Trading Statement                                                               
AFGRI shareholders are advised that the Company is expecting a decrease of      
between 35% and 45% in respect of earnings per share and 30% and 40% in respect 
of headline earnings per share for the year ended 30 June 2011 compared to that 
of the previous year.                                                           
The results were impacted by the difficult retail operating environment in the  
agricultural services industry, both in South Africa and Australia. Furthermore 
the Group tax rate has returned to a normalised rate and a net movement on the  
discontinued operations line, with respect to the Trading Division, impacted    
negatively on the earnings.                                                     
This trading statement has not been reviewed or reported on by AFGRI`s external 
auditors. The release of the final announcement of results for the year ended 30
June 2011 is expected to be published on SENS on or about 7 September 2011.     
Centurion                                                                       
20 July 2011                                                                    
Sponsor: Investec Bank Limited                                                  
Date: 20/07/2011 16:54:01 Supplied by www.sharenet.co.za                     
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