OLI - O-line Holdings Limited - Trading Statement

OLI - O-line Holdings Limited - Trading Statement                               
O-line Holdings Limited                                                         
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2006/034685/06)                                           
Share code: OLI                                                                 
ISIN code: ZAE000110730                                                         
("O-line" or "the Company")                                                     
TRADING STATEMENT                                                               
In terms of paragraph 3.4 (b) of the JSE Limited Listings Requirements,         
companies are required to publish a trading statement as soon as they are       
satisfied that a reasonable degree of certainty exists that the financial       
results for the period to be reported on next will differ by at least 20% from  
the financial results for the previous corresponding period.                    
Shareholders are referred to the trading statement announcement on 11 August    
2011, and are hereby advised that earnings per share ("EPS") and headline       
earnings per share ("HEPS")from continuing operations for the year ended 30 June
2011 are expected to be 74% higher than the corresponding period EPS and HEPS   
from continuing operations, being 16.47 and 16.55 cents respectively. These     
numbers are based on a weighted average number of shares of 235,339,705. After  
share buy-back there were 213,423,750 shares in issue.                          
Included in the EPS and HEPS calculation from continuing operations is the      
reversal of the impairment of the Armco Management loans of R8,053 million.     
The results for the year ended 30 June 2011 are expected to be released on SENS 
on or about 30 September 2011.                                                  
Johannesburg                                                                    
31 August 2011                                                                  
Designated advisor                                                              
QuestCo Sponsors (Pty) Limited                                                  
Date: 31/08/2011 14:50:01 Supplied by www.sharenet.co.za                     
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