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IFH - IFA Hotels & Resorts Limited - Trading update for the eighteen months ended 31 December 2011 IFA Hotels & Resorts Limited (Incorporated in the Republic of South Africa) (Registration number 1919/001318/06) Share code: IFH ISIN: ZAE000075669 ("IFA" or "the Group") Trading update for the eighteen months ended 31 December 2011 In accordance with paragraph 3.4 (b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the reporting period will differ by more than 20% from those of the previous corresponding period. Shareholders of IFA are therefore advised that the loss per share for the eighteen months ended 31 December 2011 is expected to be between 61.00 cents and 63.00 cents (twelve months to 30 June 2010: loss 31.30 cents per share) and the headline loss per share for the eighteen months ended 31 December 2011 is expected to be between 17.00 cents and 19.00 cents (twelve months to 30 June 2010: loss 26.59 cents per share). The results for the eighteen months ended 31 December 2011 will be published towards the end of March 2012. The increased loss per share for the eighteen months ended 31 December 2011 is mainly attributed to provisions for the impairment of loans to associates. The improved headline loss per share for the eighteen months ended 31 December 2011 is mainly attributable to improved results from Hotel operations and lower finance costs. This trading statement has not been reviewed or reported on by the Group`s external auditors. Zimbali 9 March 2012 Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 09/03/2012 14:25:01 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.
