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MTA - Metair Investments Limited - Updated trading statement METAIR INVESTMENTS LIMITED Registration number 1948/031013/06 (Incorporated in the Republic of South Africa) Share code : MTA ISIN code : ZAE000090692 ("Metair" or "the Group") UPDATED TRADING STATEMENT In terms of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by more than 20% from those of the previous corresponding period. Shareholders are referred to the trading statement published on SENS on 15 December 2011 where the Group advised that it expected the Group`s headline earnings per share ("HEPS") and basic earnings per share ("EPS") for the year ending 31 December 2011 to be at least 20% higher than those of the previous corresponding period ended 31 December 2010, and are advised that this trading statement constitutes the further guidance referred to therein. As the Group has now obtained a reasonable degree of certainty regarding its results for the year ended 31 December 2011, an updated trading statement is provided below. Headline Earnings Metair advises shareholders that it expects the Group`s HEPS for the year ended 31 December 2011 to be between 251 cents and 269 cents, compared to the 187 cents for the previous corresponding period. Basic Earnings EPS is expected to be between 279 cents and 299 cents compared to the 195 cents for the previous corresponding period. The difference between headline and basic earnings is primarily the profit recognised on the plant and equipment destroyed in the fire at the First National Battery Plant in Benoni as announced on 5 May 2011 ("the Fire"). Fire at First National Battery Despite the board of directors of Metair having a reasonable degree of certainty with respect to the expected HEPS and EPS figures as detailed above, the full effect of the Fire on the Group`s results, has yet to be finalised. It is anticipated that results for the year ended 31 December 2011 will be published on or about 12 March 2012. The above information has not been reviewed or reported on by the Group`s external auditors. BY ORDER OF THE BOARD Johannesburg 21 February 2012 Sponsor: One Capital Investor relations: College Hill Date: 21/02/2012 09:54:01 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.
