ALT - Allied Technologies Limited - Trading Statement

ALT - Allied Technologies Limited - Trading Statement                           
Allied Technologies Limited                                                     
Member of the Altron Group                                                      
Incorporated in the Republic of South Africa                                    
(Registration number 1946/020415/06)                                            
Share Code : ALT                                                                
ISIN Number : ZAE000015251                                                      
("Altech" 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 the company and its          
directors become reasonably certain that the financial results for the period   
will differ by more than 20% from those of the previous corresponding period.   
Altech is currently finalising its results for the financial year ended 29      
February 2012 and shareholders are advised that the company`s headline          
earnings and adjusted headline earnings per share are expected to be between    
24% and 30% lower than the equivalent figures for the financial year ended 28   
February 2011 ("the previous financial year").                                  
These reductions are primarily due to continued poor results in Altech`s East   
and West African operations.                                                    
In addition, mainly due to the impairment of both goodwill in respect of        
Altech`s West African operations and the carrying value of the investment in    
Altech`s East African operations, reflecting their poor results, the            
company`s basic earnings per share are expected to show a loss of between 281   
cents and 302 cents compared to a profit of 216 cents the previous financial    
year.                                                                           
The financial information on which this Trading Statement is based has not      
been reviewed or reported on by Altech`s external auditor.                      
The results for the period ended 29 February 2012 are expected to be            
published on SENS on or about 25 April 2012.                                    
Johannesburg                                 Sponsor                            
13 April 2012                                Investec Bank Limited              
Date: 13/04/2012 15:30:01 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.