SLO - Southern Electricity Company Limited - Trading statement

SLO - Southern Electricity Company Limited - Trading statement                  
Southern Electricity Company Limited                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/006894/06)                                            
Share code: SLO ISIN: ZAE000041919                                              
("SELCo" or "the company")                                                      
TRADING STATEMENT                                                               
In terms of paragraph 3.4 (b) of the JSE Limited`s Listings Requirements, a     
listed company is required to issue a trading statement as soon as it is        
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 of the previous corresponding period.                     
Shareholders are advised that the company expects, for the year ended 30 June   
2011, to report both a loss and headline loss per share of  between 0.80 cents  
and 1.20 cents compared to the corresponding period`s restated earnings and     
headline earnings per share of  3.81 and 3.83 cents respectively.  These        
decreases are attributable to an increase in operating expenses due to costs    
with regards to the restructuring exercise that did not materialize.            
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.  The results for the year    
ended 30 June 2011 are expected to be published on or about 30 September 2011.  
Johannesburg                                                                    
2 September 2011                                                                
Sponsor: Grindrod Bank Limited                                                  
Date: 02/09/2011 11:51:01 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.