SKW - Skinwell Holdings Limited - Trading update

SKW - Skinwell Holdings Limited - Trading update                                
SKINWELL HOLDINGS LIMITED                                                       
(formerly Placecol Holdings Limited)                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/025374/06)                                            
JSE code: SKW                                                                   
ISIN: ZAE000135893                                                              
("Skinwell" or "the group")                                                     
TRADING UPDATE                                                                  
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited
("JSE"), a listed company is required to publish a trading statement as soon as 
it becomes aware, with a reasonable degree of certainty, that the financial     
results for the next period to be reported on are likely to vary by more than   
20% from the previous corresponding period.                                     
Shareholders are referred to the trading update released on the Securities      
Exchange News Service of the JSE on 2 August 2011 and are hereby advised that   
the company`s earnings per share and headline earnings per share for the 6      
months ended 31 August 2011 is expected to be 0.50 cents per share compared to  
the loss per share and a headline loss per share of 0.1 cents reported in the   
previous corresponding period.                                                  
The increase in both EPS and HEPS can be attributed to the restored             
profitability, gained from the increased performance achieved by the franchised 
beauty salons and ongoing measures to control the overheads of the group.  The  
profitability of the franchised outlets was improved through the introduction of
new standardised service offerings and the launch of new innovative products.   
The financial information on which this trading update is based has not been    
reviewed or reported on by the company`s independent auditors.                  
Johannesburg                                                                    
21 October 2011                                                                 
Designated Advisor                                                              
Grindrod Bank Limited                                                           
Date: 21/10/2011 16:19:27 Supplied by www.sharenet.co.za                     
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