AND - Andulela Investment Holdings Limited - Trading statement

AND - Andulela Investment Holdings Limited - Trading statement                  
ANDULELA INVESTMENT HOLDINGS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
Share code: AND   ISIN code: ZAE000125894                                       
("Andulela" or "the company")                                                   
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited, 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 upon next will differ by at least 20% from the            
financial results for the previous corresponding period.                        
In compliance with the Listing Requirements of the JSE Limited and in           
respect of the six month period ended 30 June 2011, compared to the             
eighteen months ended 31 December 2010 ("previous reporting period")  (in       
consideration of the change in financial year end during 2010 from 30 June      
to 31 December), shareholders are accordingly advised that:                     
-    The company expects both earnings and headline earnings for the six        
    months ended 30 June 2011 of between 0.12 cents and 0.14 cents per          
share, compared to a loss and headline loss of 7.48 and 0.54 cents per      
    share respectively for the audited results of the previous reporting        
    period ended 31 December 2010.                                              
-    In respect of the six months ended 30 June 2011 and comparing it with      
the comparable six months ended 30 June 2010 ("comparable period"),         
    shareholders are advised that the company expects both earnings and         
    headline earnings for the six months ended 30 June 2011 of between          
    0.12 cents and 0.14 cents per share, compared to a loss and headline        
loss of 22.42 and 1.11 cents per share respectively for the comparable      
    period.                                                                     
The financial information on which this trading statement is based has not      
been reviewed or reported on by the company`s auditors.                         
Andulela`s reviewed interim financial results for the six months ended 30       
June 2011 are expected to be released by no later than 30 September 2011.       
14 September 2011                                                               
Sponsor                                                                         
Java Capital                                                                    
Date: 14/09/2011 15:45:02 Supplied by www.sharenet.co.za                     
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