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SHF - Steinhoff International Holdings Limited - Trading Statement

Release Date: 22/02/2012 17:30
Code(s): SHF
Wrap Text

SHF - Steinhoff International Holdings Limited - Trading Statement STEINHOFF INTERNATIONAL HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration Number 1998/003951/06) Share code: SHF ISIN: ZAE000016176 ("Steinhoff" or "the Company") Trading Statement In compliance with Paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to issue a trading statement as soon as its directors are satisfied that a reasonable degree of certainty exists that the financial results to be reported on next, are likely to vary by more than 20% of the financial results for the previous comparative period. Accordingly, Steinhoff shareholders are advised that the headline earnings per share ("HEPS") and earnings per share ("EPS") of Steinhoff for the six months ended 31 December 2011 will be between 40% and 50% higher than the HEPS and EPS as reported for the comparative six months ended 31 December 2010. The major contributors to the 40% to 50% increase relate to the inclusion of the results of Conforama Holding S.A (acquired in March 2011), a more favourable translation rate of the euro-earnings to rand, and the associate earnings earned on the investment in the JD Group Limited. The information in this Trading Statement has neither been audited nor reviewed by the Company`s Auditors. By order of the Board Steinhoff Secretarial services Company Secretary Wynberg, Sandton Sponsor: PSG Capital Proprietary Limited Date: 22/02/2012 17:30:46 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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