RGT - RGT Smart Market Intelligence Limited - Trading statement announcement

RGT - RGT Smart Market Intelligence Limited - Trading statement announcement    
RGT SMART MARKET INTELLIGENCE LIMITED                                           
Incorporated in the Republic of South Africa)                                   
(Registration number: 2008/014367/06)                                           
Share Code: RGT   ISIN: ZAE0000143715                                           
("RGT SMART" or "the company")                                                  
TRADING STATEMENT ANNOUNCEMENT                                                  
In terms of the Listings Requirements of the JSE Limited (the "JSE"), listed    
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 next period to be reported on will vary by more than 20%        
from those of the previous corresponding period or from a profit forecast       
previously provided to the market in relation to such period.                   
Accordingly, shareholders are advised that the Company expects that the         
earnings per share and headline earnings per share for the year ended 28        
February 2012 are expected to be between 55% and 75% lower than the profit      
forecast for 28 February 2012 as published in the prospectus to shareholders    
dated 15 March 2010 and the SENS announcement dated 23 March 2010. This is      
due in part to an increased number of shares in issue compared to the           
prospectus as well as an investment into additional employees and               
development of additional products to enhance future growth prospects.          
It should be noted though that compared to the prior year results for the       
year ended 28 February 2011, the earnings per share and headline earnings       
per share for the year ending 28 February 2012 are expected to only be          
between 10% and 15% lower than the prior year.                                  
This trading statement has not been reviewed or reported on by the Company`s    
external auditors.                                                              
Johannesburg                                                                    
23 November 2011                                                                
Designated Advisor                                                              
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 23/11/2011 14:00:09 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.