AND - Andulela Investment Holdings Limited - Trading Statement

AND - Andulela Investment Holdings Limited - Trading Statement                  
ANDULELA INVESTMENT HOLDINGS LIMITED                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1950/037061/06)                                           
Share code: AND   ISIN code: ZAE000125894                                       
("Andulela" or "the company")                                                   
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the 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 for   
the previous corresponding period.                                              
In compliance with the Listing Requirements of the JSE Limited and in respect   
of the year ended 31 December 2011, compared to the eighteen months ended       
31 December 2010 ("previous reporting period")  (in consideration of the change 
in financial year end during 2010 from 30 June to 31 December), shareholders are
accordingly advised that the company expects both earnings and headline earnings
for the year ended 31 December 2011 of between 0.58 cents and 0.64 cents per    
share, compared to a loss and headline loss of 7.48 and 0.54 cents per share    
respectively for the audited results of the previous reporting period ended     
31 December 2010.                                                               
The financial information on which this trading statement is based has not been 
reviewed or reported on by the company`s auditors.                              
Andulela`s reviewed provisional condensed consolidated results for the year     
ended 31 December 2011 are expected to be released by no later than 18 April    
2012.                                                                           
13 April 2012                                                                   
Sponsor                                                                         
Java Capital                                                                    
Date: 13/04/2012 09:00:01 Supplied by www.sharenet.co.za                     
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