MMG - Micromega Holdings Limited - Trading statement for the year ended 31

MMG - Micromega Holdings Limited - Trading statement for the year ended 31      
December 2011                                                                   
MICROmega HOLDINGS LIMITED                                                      
(Registration number 1998/003821/06)                                            
(Incorporated in the Republic of South Africa)                                  
Share code: MMG   ISIN code:ZAE000034435                                        
("MICROmega" or "the company")                                                  
TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011                           
In compliance with paragraph 3.4(b) of the Listing Requirements of JSE Limited, 
companies are required to publish a trading statement as soon as they are       
satisfied that a reasonable degree of certainty exists that the financial       
results for the period to be reported upon next will differ by at least 20% from
the financial results of the previous corresponding period.                     
Accordingly, shareholders are advised that for the year ended 31 December 2011, 
-    headline earnings per share is expected to be 27% higher than the headline 
earnings per share of 16.46 cents for the year ended 31 December 2010;      
-   earnings per share is expected to be 32% higher than the earnings per share 
    of 5.86 cents for the year ended 31 December 2010.                          
The results reflect the impact of the costs of the restructuring of MICROmega   
which entailed the disposal and closure of non-profit contributing businesses   
and a refocus of the company`s investment into information technology and its   
traditional support service operations.                                         
The financial information upon which this trading statement is based has not    
been audited or reviewed by MICROmega`s auditors.                               
The annual financial results announcement will be released on SENS on Monday, 5 
March 2012 and all stakeholders are invited to an investor presentation at      
MICROmega House, 66 Park Lane, Sandton at 11:30 for 12:00.                      
2 March 2012                                                                    
Sponsor                                                                         
Java Capital                                                                    
Date: 02/03/2012 16:23:18 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.