WBO - Wilson Bayly Holmes - Ovcon Ltd - Trading statement

WBO - Wilson Bayly Holmes - Ovcon Ltd - Trading statement                       
Wilson Bayly Holmes - Ovcon Ltd                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1982/011014/06)                                            
Share code:  WBO ISIN: ZAE000009932                                             
Trading statement                                                               
Further to the trading statement released on Sens this morning the Directors    
advise that headline earnings per share included in the published results for   
the period ended 31 December 2010 had not been adjusted for the impairment of   
the loan to associate.  The impairment of loan to associate was only adjusted   
for in the calculation of headline earnings per share included in the           
audited, published results at 30 June 2011.                                     
However the headline earnings per share for the period ending 31 December       
2010 was adjusted for the impairment of loans to associate when calculating     
the headline earnings per share for the period ended 31 December 2011, as       
detailed in this morning`s trading statement.                                   
Had the adjustment not been made, headline earnings per share would have        
declined by 7.5% to 12,5% when  compared to the comparative period.             
The forecast has not been reviewed or reported on by the company`s auditors.    
The release of the interim announcement of results for the six months ended     
31 December 2011 is expected to be published on Monday, 20 February 2012.       
By order of the board                                                           
Johannesburg                                                                    
9 February 2012                                                                 
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 09/02/2012 12:05:02 Supplied by www.sharenet.co.za                     
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