AIP - Adcock Ingram Holdings Limited - Trading statement

AIP - Adcock Ingram Holdings Limited - Trading statement                        
ADCOCK INGRAM HOLDINGS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number 2007/016236/06                                              
ISIN: ZAE000123436                                                              
Share code: AIP                                                                 
("Adcock Ingram" or "the Company")                                              
Trading statement                                                               
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE            
Limited, an issuer is required to publish a trading statement as soon           
as they are satisfied that there is a reasonable degree of certainty            
that the financial results for the next reporting period will differ by         
at least 20% from those of the previous corresponding period.                   
Shareholders are advised that Adcock Ingram`s basic earnings per share          
("EPS") for the financial year ended 30 September 2011 from continuing          
operations are expected to be between 27% and 30% higher than the               
previous corresponding year`s figure of 354.9 cents. Headline earnings          
per share ("HEPS") for the financial year ended 30 September 2011 from          
continuing operations are expected to be between 29% and 32% higher             
than the previous corresponding year`s figure of 354.8 cents.  The EPS          
and HEPS of the previous corresponding period were disclosed in the             
Company`s financial results for the six months ended 31 March 2011,             
released on SENS on 24 May 2011.                                                
Shareholders are reminded that a non tax-deductible International               
Financial Reporting Standards 2 ("IFRS 2") share-based payment expense          
of R269 million was incurred in the 2010 financial year (equivalent to          
154.8 cents per share in that year), in relation to the Adcock Ingram           
Broad-Based Black Economic Empowerment Transaction approved in a                
general meeting of Adcock Ingram`s shareholders on 9 April 2010.                
The financial information on which this trading statement is based has          
not been reviewed or reported on by Adcock Ingram`s auditors.                   
The Company`s financial results for the year ended 30 September 2011            
will be released on SENS on 22 November 2011.                                   
Midrand                                                                         
28 October 2011                                                                 
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 28/10/2011 14:52:01 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.