NHM - Northam Platinum Limited - Trading statement

NHM - Northam Platinum Limited - Trading statement                              
NORTHAM PLATINUM LIMITED                                                        
(Registration number 1977/003282/06                                             
(Incorporated in the Republic of South Africa)                                  
JSE Code: NHM         ISIN: ZAE000030912                                        
("the company" or "the group")                                                  
TRADING STATEMENT                                                               
In terms of the JSE Limited Listings Requirements, companies are required       
to publish a trading statement as soon as they are reasonably certain           
that the financial results for the current reporting period will differ         
by more than 20% from those of the previous corresponding period.               
Shareholders are advised that both the group`s earnings per share and           
headline earnings per share for the year ended 30 June 2011 are estimated       
to be between 80 and 110 cents. This compares with earnings per share of        
177.9 cents and headline earnings per share of 177.8 cents reported for         
the previous comparable period ended 30 June 2010.                              
The anticipated decline in the group`s earnings per share is a result of        
both lower PGM sales volumes, due mainly to the six-week strike in the          
first half of the financial year, and to a lesser extent reflects the           
marginal increase in the weighted average number of issued shares. The          
lower sales volumes, approximately 19.8% down on the comparable period,         
resulted in lower total revenues for the group despite a higher average         
Rand basket price.                                                              
The weighted average number of shares in issue at 30 June 2011 was 363          
087 830, compared with 360 291 885 at 30 June 2010.                             
The preliminary results for the year ended 30 June 2011 will be released        
on or about 18 August 2011.                                                     
The information contained in this announcement has not been reviewed or         
reported on by the company`s auditors.                                          
Johannesburg                                                                    
5 August 2011                                                                   
Sponsor:                                                                        
One Capital                                                                     
Date: 05/08/2011 11:14:29 Supplied by www.sharenet.co.za                     
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