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RBP - Royal Bafokeng Platinum Limited - Trading statement for the six

Release Date: 22/07/2011 09:52
Code(s): RBP
Wrap Text

RBP - Royal Bafokeng Platinum Limited - Trading statement for the six months ended 30 June 2011 ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "company") Trading statement for the six months ended 30 June 2011 In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited ("JSE"), a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for period to be reported on next will differ by at least 20% from those of the previous corresponding period. RBPlat is in the process of finalising its financial results for the six months ended 30 June 2011. The company advises that it anticipates earnings per share ("EPS") and headline earnings per share ("HEPS") for the six months ended 30 June 2011, to be between 95 cents and 110 cents, based on a weighted average number of shares of 163 677 799. This compares to an EPS and HEPS of 132 cents based on a weighted average number of shares of 137 057 500 for the previous corresponding period (the six months ended 30 June 2010). The increase in the weighted average number of shares of 26.6 million results from shares issued in November 2010, as part of the Initial Public Offering and listing of the RBPlat`s entire issued share capital on the JSE. The results were also impacted by the new higher level of amortisation and depreciation charge related to the fair value adjustment, a non- recurring optimisation project cost and a non-recurring income inflow from the settlement of intercompany balances. Based on the latest estimate, after taking account of the above mentioned items, the normalised EPS for the six months ended 30 June 2011 is anticipated to be between 110 cents and 130 cents. RBPlat expects to release its interim results on or about 16 August 2011. The information above has not yet been reviewed and reported on by the company`s external auditors. Johannesburg 22 July 2011 JSE Sponsor Macquarie First South Advisers (Pty) Limited For further enquiries, please contact: Lindiwe Montshiwagae Investor Relations Manager Tel: +27 (0)11 530 8056 Mobile: +27 (0)82 920 7803 Date: 22/07/2011 09:52:03 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.

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