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BRT/BRN - Brimstone Investment Corporation Limited - Further Trading

Release Date: 18/08/2011 17:00
Code(s): BRT BRN
Wrap Text

BRT/BRN - Brimstone Investment Corporation Limited - Further Trading Statement Brimstone Investment Corporation Limited (Registration number 1995/010442/06) (Incorporated in the Republic of South Africa) ISIN Number: ZAE000015277 Share Code: BRT ISIN Number: ZAE000015285 Share Code: BRN ("Brimstone" or "The Company") FURTHER TRADING STATEMENT Shareholders are referred to the trading statement released on SENS on 12 July 2011 and are advised that further clarification is now provided as to the extent of the decrease referred to in the aforementioned announcement. Brimstone expects to report earnings per share ("EPS") of between 80.7 cents and 96.8 cents, and headline earnings per share ("HEPS") of between 73.8 cents and 88.5 cents for the six months ended 30 June 2011, which is down from EPS and HEPS of 146.3 cents and 149.0 cents respectively reported for the six months ended 30 June 2010. The primary reason for the decrease in EPS and HEPS is that the Company`s financial results for the six months ended 30 June 2010 were positively impacted by the effects of the partial realisation and the subsequent unbundling of a portion of Brimstone`s shareholding in Life Healthcare Group Holdings Limited, which was a once-off occurrence. Shareholders are advised that the financial information on which this trading statement is based has not been reviewed or reported on by the Company`s auditors. Brimstone`s results for the six months ended 30 June 2011 will be released on SENS on or about Tuesday, 23 August 2011. Cape Town 18 August 2011 Investment bank and sponsor Nedbank Capital Date: 18/08/2011 17:00:01 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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