KIR - Kairos Industrial Holdings Limited - Trading Statement

KIR - Kairos Industrial Holdings Limited - Trading Statement                    
Kairos Industrial Holdings Limited                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002927/06)                                            
Share code: KIR     ISIN: ZAE000011284                                          
("the company" or "the Group")                                                  
TRADING STATEMENT                                                               
In terms of paragraph 3.4(b) of the Listing Requirements of the JSE Limited,    
the Board of Kairos Industrial Holdings hereby announces thatthey are           
reasonably certain that in respect of the six month period ended 31 August      
2011:                                                                           
headline loss per share is expected to be between 70% and 90% greaterthan for   
the comparativeperiod ended 31 August 2010; and                                 
profit per share is expected to be between 15 cents and 17 centsper share       
compared to a loss for the comparative period ended 31 August 2010 of 16.69     
cents per share.                                                                
The liquidation of Brokrew Industrial (Pty) Limited has resulted in             
extraordinary adjustments which have had a major effect on the reported         
earnings for the six months, giving rise to the above improvements, and these   
will be detailed in the Group`s interim announcement. The impact of             
accounting solely for the Brokrew liquidation is 24.53 cents per share.         
The financial information on which this trading statement is based has been     
reviewed by the company`s auditors.                                             
The results for the period ended 31 August 2011 are expected to be published    
on or about 30 December  2011.                                                  
15 December 2011                                                                
Pretoria                                                                        
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 15/12/2011 17:33:01 Supplied by www.sharenet.co.za                     
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