MPT - Mpact Limited - Trading statement

MPT - Mpact Limited - Trading statement                                         
Mpact Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 2004/025229/06)                                            
JSE share code: MPT ISIN: ZAE000156501                                          
("Mpact" or "the Company")                                                      
TRADING STATEMENT                                                               
Mpact was successfully listed as a public company on the main board of the      
securities exchange operated by the JSE Limited ("JSE") on 11 July 2011. The    
financial results of Mpact (formerly Mondi Packaging South Africa (Proprietary) 
Limited) for the six months ended 30 June 2011 are included in the consolidated 
Mondi Group interim results for the period ending 30 June 2011, which were      
announced today, 28 July 2011. Mpact hereby advises its shareholders of the     
key financial results for the six months ended 30 June 2011, which are set out  
below:                                                                          
R `million                            Six months     Six months     Half-       
                                     ended 30 June  ended 30 June  year         
                                     2011           2010           change       
                                     Unaudited      Unaudited      %            
Revenue                               3,006.3        2,968.5        1.3%        
EBITDA                                355.6          332.1          7.1%        
Operating profit                      192.3          170.9          12.5%       
Operating profit increased over the prior year due to improved margins offset to
some extent by lower sales volumes.                                             
Shareholders should take note that in terms of a special resolution passed on 28
April 2011 the number of ordinary shares in issue was increased from 159,950    
ordinary shares to 23,192,750 ordinary shares following a share split.          
Furthermore, on 5 July 2011 an additional 140,853,726 ordinary shares were      
issued to the then shareholders as part of Mpact`s capital restructuring prior  
to listing. Consequently the Company listed on 11 July 2011 with 164,046,476    
ordinary shares.                                                                
On the basis of 164,046,476 issued ordinary shares, shareholders are advised    
that headline earnings per ordinary share for the six months ended 30 June 2011 
are 0.8 cents compared to a headline loss per ordinary share of 18.4 cents for  
the six months ended 30 June 2010. Earnings per ordinary share for the six      
months ended 30 June 2011 are 1.0 cent compared to a loss per ordinary share of 
19.2 cents for the six months ended 30 June 2010.                               
It is anticipated that Mpact will release its interim results on SENS on 11     
August 2011.                                                                    
Shareholders are advised that the financial information on which this trading   
statement is based has not been reviewed and reported on by the Company`s       
external auditors.                                                              
Melrose Arch                                                                    
28 July 2011                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 28/07/2011 09:00:01 Supplied by www.sharenet.co.za                     
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