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MTA - Metair Investments Limited - Updated trading statement METAIR INVESTMENTS LIMITED Registration number 1948/031013/06 (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE 000090692 ("Metair" or "the Group") UPDATED 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 referred to the trading statement published on SENS on 14 June 2011 where the Group advised that it expected the Group`s headline earnings per share ("HEPS") and basic earnings per share ("EPS") for the six months ending 30 June 2011 to be higher by at least 40% and 45% respectively, compared to the previous corresponding period, and are advised that this trading statement constitutes the further guidance referred to therein. As the Group has now obtained additional certainty regarding its results for the six months ended 30 June 2011, an updated trading statement is provided below. Headline Earnings Metair advises its` shareholders that it expects the Group`s HEPS for the six months ended 30 June 2011 to be between 122 cents and 134 cents, compared to the 89 cents for the previous corresponding period. Basic Earnings EPS is expected to be between 140 cents and 154 cents compared to the 87 cents for the previous corresponding period. The EPS is higher than HEPS due to the profit on property, plant and equipment relating to the insurance proceeds for the fire at First National Battery. It is anticipated that results for the six months ended 30 June 2011 will be published on or about 18 August 2011. The above information has not been reviewed or reported on by the Group`s external auditors. BY ORDER OF THE BOARD Johannesburg 10 August 2011 Sponsor: One Capital Date: 10/08/2011 14:44:55 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.
