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RBP - Royal Bafokeng Platinum Limited - Trading statement for the year ended

Release Date: 31/01/2012 16:00
Code(s): RBP
Wrap Text

RBP - Royal Bafokeng Platinum Limited - Trading statement for the year ended 31 December 2011 ROYAL BAFOKENG PLATINUM LIMITED (Incorporated in the Republic of South Africa) (Registration number 2008/015696/06) JSE share code: RBP ISIN: ZAE000149936 ("RBPlat" or the "Group") Trading statement for the year ended 31 December 2011 RBPlat is in the process of finalising its annual financial results for the year ended 31 December 2011. The Group advises that it anticipates headline earnings for the year ended 31 December 2011 to be within 5% of the previous corresponding period (the year ended 31 December 2010). Consolidated headline earnings per share ("HEPS") for the Group for the year ended 31 December 2011, is anticipated to reduce to between 153 cents and 172 cents, based on a weighted average number of shares in issue of 163 677 799. This compares to a HEPS of 191 cents for the previous corresponding period which was based on a weighted average number of shares in issue of 141 132 832. The increase in the weighted average number of shares resulted from shares issued in November 2010, as part of the Initial Public Offering and listing of RBPlat`s entire issued share capital on JSE Limited. The Group`s results were also impacted by an amortisation and depreciation charge related to the fair value adjustment, a non-recurring optimisation project cost and a non-recurring income inflow from the settlement of intercompany balances. Based on the latest estimate, after taking account of the above mentioned items, the Group`s normalised earnings per share for the year ended 31 December 2011 is anticipated to be between 200 cents and 220 cents per share. RBPlat expects to release its annual financial results on or about 28 February 2012. The information above has not yet been reviewed and reported on by the Group`s independent external auditors. Johannesburg 31 January 2012 JSE Sponsor Macquarie First South Capital (Pty) Limited For further enquiries, please contact: Lindiwe Montshiwagae Investor Relations Manager Tel: +27 (0)10 590 4517 E-mail: lindiwe@bafokengplatinum.co.za Date: 31/01/2012 16:00:02 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.

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