ISB - Insimbi Refractory and Alloy Supplies - Trading update

ISB - Insimbi Refractory and Alloy Supplies - Trading update                    
Insimbi Refractory and Alloy Supplies Limited                                   
Formerly Insimbi Alloy Supplies (Proprietary) Limited                           
(Registration number 2002/029821/06)                                            
JSE share code:  ISB                                                            
ISIN Number:  ZAE000116828                                                      
("Insimbi" or "the company")                                                    
Trading update                                                                  
In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited,  
companies are required to publish a trading statement as soon as they become    
reasonably certain that the financial results for the period to be reported on  
will be more than 20% different from that of the previous corresponding period. 
Accordingly, a review of the financial results by management has indicated that 
for the for the six months ending 31 August 2011, headline earnings per share   
("HEPS") are expected to be between 20% and 25% higher compared to the same     
reporting period in the previous year.  Earnings per share ("EPS") are expected 
to be between 5% and 10% lower when compared to the adjusted results for the    
same reporting period in the previous year. Details of the adjustments can be   
found in the Chief Executive Officer`s Review on page 7 of the Annual Report for
the year ended 28 February 2011.                                                
The financial information on which this trading statement is based has not been 
reviewed or reported on by the Group`s auditors.                                
The results for the six months ending 31 August 2011 are expected to be         
published on or around 7 October 2011.                                          
Johannesburg                                                                    
12 September 2011                                                               
Designated Adviser: Bridge Capital Advisors (Pty) Limited                       
Date: 12/09/2011 15:55:01 Supplied by www.sharenet.co.za                     
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