HWW - Hardware Warehouse Limited - Trading Statement

HWW - Hardware Warehouse Limited - Trading Statement                            
HARDWARE WAREHOUSE LIMITED                                                      
Incorporated in the Republic of South Africa                                    
(Registration number: 2007/004302/06)                                           
Share code: HWW    ISIN: ZAE000104253                                           
("Hardware" or "the Company")                                                   
TRADING STATEMENT                                                               
In terms of the Listings Requirements of JSE Limited, companies are required    
to publish a trading statement as soon as they become reasonably certain        
that the financial results for the period to be reported on will differ by      
more than 20% from the previous corresponding period.                           
Accordingly, a review of the financial results for the six month interim        
period ended 31 December 2011 by management has indicated that earnings per     
share is expected to be between 3.88 cents and 5.58 cents and headline          
earnings per share is expected to be between 3.98 cents and 5.68 cents,         
compared to the earnings per share of 8.52 cents and the headline earnings      
per share of 8.49 cents for the six month period ended 31 December 2010.        
Earnings per share has decreased due to the recognition of a once-off           
deferred tax credit in the previous corresponding interim period. However,      
profit from operations has increased by at least 20% and profit before          
taxation has increased by at least 30% for the six months ended 31 December     
2011.                                                                           
The financial information on which this trading statement is based has not      
been reviewed or reported on by the Company`s auditors. Hardware`s interim      
results are expected to be released on SENS on or about                         
27 March 2012.                                                                  
East London                                                                     
19 March 2012                                                                   
Designated Adviser                                                              
Merchantec Capital                                                              
Date: 19/03/2012 13:49:01 Supplied by www.sharenet.co.za                     
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