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AVI - AVI Limited - Trading statement for the six months ending 31 December 2011 AVI Limited (Registration number 1944/017201/06) Share code: AVI ISIN: ZAE000049433 ("AVI" or "the Group") TRADING STATEMENT FOR THE SIX MONTHS ENDING 31 DECEMBER 2011 Based on the Group`s aggregated trading performance for five months to November 2011 and the latest estimate for December 2011 we are required to issue the following statement in accordance with Section 3.4 (b) of the Listings Requirements of the JSE Limited: * Consolidated headline earnings per share for the continuing operations of the Group for the six months ending 31 December 2011 are expected to increase by between 20% and 30% over the comparable period in the prior year; * Consolidated earnings per share for the continuing operations of the Group for the six months ending 31 December 2011, including capital gains and losses on the disposal of assets, are expected to increase by between 22% and 32% over the comparable period in the prior year; * Consolidated headline earnings per share for the total operations of the Group for the six months ending 31 December 2011 are expected to increase by between 17% and 27% over the comparable period in the prior year; and * Consolidated earnings per share for the total operations of the Group for the six months ending 31 December 2011, including capital gains and losses on the disposal of assets, are expected to increase by between 25% and 35% over the comparable period in the prior year. Comparative numbers for continuing operations for the six months ended 31 December 2010 will be restated to exclude Denny`s results in line with the disclosure adopted for the year ended 30 June 2011 and subsequent disposal of Denny with effect from 1 July 2011. This will impact the previously disclosed earnings per share from continuing operations as follows: Impact of Denny restatement on earnings per share for continuing operations Unaudited Six months ended 31 December 2010 Previously Revised
disclosed Headline earnings per ordinary share 152.3 147.8 Earnings per ordinary share 148.0 143.5 It is expected that AVI will release its interim results for the six months ending 31 December 2011 on or about 12 March 2012. The information above has not been reviewed or reported on by the Group`s auditors. Illovo 13 December 2011 Sponsor The Standard Bank of South Africa Limited Enquiries +(27) 11 502 1300 Date: 13/12/2011 17:31:55 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.
