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RMH - RMB Holdings Limited - Trading statement: Financial year ended 30 June 2011 RMB HOLDINGS LIMITED (Incorporated in South Africa) Registration number: 1987/005115/06 ISIN: ZAE000024501 JSE Ordinary Share Code: RMH ("RMBH" or "the Company") TRADING STATEMENT: FINANCIAL YEAR ENDED 30 JUNE 2011 Shareholders were previously advised that: * The Company`s associate, FirstRand Limited ("FirstRand") has unbundled its interest in MMI Holdings Limited ("MMI") to shareholders as a dividend in specie; * RMBH has unbundled its interest in Rand Merchant Insurance Holdings Limited ("RMI Holdings") to shareholders as a dividend in specie; and that * FirstRand has disposed of its 45% share in OUTsurance Holdings Limited (the "investment"), resulting in a significant gain on sale arising in its accounts. Shareholders are advised that: * The receipt by RMBH of MMI shares unbundled by FirstRand gives rise to once-off negative goodwill in the Company. * The RMI Holdings unbundling, which, in terms of "IFRIC 17: Distributions of Non-Cash Assets to Owners" is accounted for at fair value, gives rise to a significant non-recurring gain in the Company. * Similarly, the gain on the sale of the investment by FirstRand also gives rise to a significant non-recurring gain in the Company. All these gains impacts RMBH`s basic earnings per share. In compliance with the Listing Requirements of the JSE Limited, shareholders are advised that RMBH`s basic earnings per share for the year ended 30 June 2011 is expected to be between 870 cents and 930 cents per share (2010: 300.8 cents). As the gains did not arise from the performance of the RMBH`s ongoing operations, they do not impact either headline earnings per share (2010: 299.8 cents) or normalised earnings per share (2010: 295.0 cents) for the year. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s independent auditors. Details of RMBH`s results for the financial year ending on 30 June 2011 are expected to be released on SENS and published in the press on or about 14 September 2011. Sandton 9 September 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 09/09/2011 11:24:01 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.
