AET - Alert Steel Holdings Limited - Revised trading update for the year

AET - Alert Steel Holdings Limited - Revised trading update for the year        
ended 30 June 2011                                                              
ALERT STEEL HOLDINGS LIMITED                                                    
Incorporated in the Republic of South Africa)                                   
Registration number 2003/005144/06)                                             
JSE code: AET     ISIN: ZAE000092847                                            
"Alert Steel" or "the group")                                                   
REVISED TRADING UPDATE FOR THE YEAR ENDED 30 JUNE 2011                          
Shareholders of Alert Steel are referred to the trading statement               
released on SENS on 8 September 2011.                                           
In accordance with paragraph 3.4 (b)(iv) of the JSE Limited Listings            
Requirements, companies are required to publish a trading statement as          
soon as they become reasonably certain that the previously published            
number, percentage or range in the trading statement is no longer               
correct.                                                                        
Due to the better than anticipated collection of debtors that had been          
long outstanding on 30 June 2011, the estimate of the provision for bad         
debts at 30 June 2011 could be measured with greater certainty. This has        
resulted in a lower provision for bad debts being raised for the year           
ended 30 June 2011 than estimated at the time of releasing the previous         
trading update.                                                                 
Shareholders of Alert Steel are therefore advised that the loss per share       
for the year ended 30 June 2011 is expected to be between 46.2 cents and        
50.2 cents as opposed to a loss per share of between 52.9 cents and 56.9        
cents as previously reported (2010: 39.8 cents per share). The headline         
loss per share for the year ended 30 June 2011 is expected to be between        
39.0 cents and 43.0 cents as opposed to a headline loss per share of            
between 45.7 cents and 49.7 cents as previously reported (2010: loss 25.5       
cents per share).                                                               
The information on which this trading statement is based has not been           
reviewed and reported on by the group`s auditors.                               
As stated in the announcement released on 22 September 2011, the                
provisional annual financial statements of Alert Steel are expected to be       
published and distributed to shareholders on or about 17 October 2011.          
6 October 2011                                                                  
Pretoria                                                                        
Designated Advisor                                                              
QuestCo Sponsors (Proprietary) Limited                                          
Date: 06/10/2011 09:57:01 Supplied by www.sharenet.co.za                     
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