QPG - Quantum Property Group Limited - Trading statement

QPG - Quantum Property Group Limited - Trading statement                        
QUANTUM PROPERTY GROUP LIMITED                                                  
Incorporated in the Republic of South Africa                                    
(Registration number 1984/002788/06)                                            
Share code: QPG    ISIN: ZAE000125647                                           
("QPG" or "the company")                                                        
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited, companies are required to 
publish a trading statement as soon as they become reasonably certain that the  
financial results for the period to be reported on will differ by more than 20% 
from the previous corresponding period.                                         
In order to determine the fair value for the 15 on Orange property, the new     
board of directors conducted a valuation based on current market conditions and 
extensive market research. The expertise of independent professionals was relied
upon to arrive at a R226 million fair value adjustment of investment property   
and a R3 million write-down of inventory.                                       
Primarily as a result of the revaluation of the abovementioned property, QPG    
expects a loss of R225.3 million which translates into a loss per share of 147  
cents and a headline loss per share of 39 cents compared to the basic and       
headline loss per share of 19 cents for the year ended 31 August 2010.          
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
QPG`s financial results are expected to be released on SENS on or about 30      
November 2011.                                                                  
Johannesburg                                                                    
28 November 2011                                                                
Designated Advisor                                                              
Merchantec Capital                                                              
Date: 28/11/2011 17:30:01 Supplied by www.sharenet.co.za                     
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