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FGL - Finbond Group Limited - Trading update - year ending 29 February 2012 Finbond Group Limited (Incorporated in the Republic of South Africa) (Registration number: 2001/015761/06) Share code: FGL ISIN: ZAE00013895 ("Finbond" or "the Company") TRADING UPDATE - YEAR ENDING 29 FEBRUARY 2012 In terms of the Listings Requirements of the JSE Limited, companies are required to publish a Trading Update as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from the financial results for the previous corresponding period. Shareholders are advised that Finbond expects fully diluted earnings per share, for the year ended 29 February 2012 of between 3,2 cents and 4,1 cents per share, compared to a loss per share, on a fully diluted basis, of 5,6 cents reported for year ended 28 February 2011.These numbers represent an increase in earnings per share of between 157% and 173%. If headline earnings are normalised only for the effect of the recent increase in the inclusion rate for Capital Gains Tax on opening deferred tax balances, which results from changes to tax assets first recognised in prior years`results,such normalised headline earnings per share would be in the range of between 0.7 and 1.0 cents (2011: normalised headline loss per share of 1.8 cents). This represents an improvement in normalised headline earnings per share of between 139% and 156%. Headline earnings are not affected by fair value adjustments to investment properties, howevereffects of changes in tax ratesareincluded inheadline earnings in terms of SAICA`s circular 3/2009 "Headline Earnings", regardless ofwhether or not such tax effects aredirectly related to trading/operating activities. The expected range in respect of fully diluted headline loss per share is between 0.9 cents and 1.3 cents compared to a fully diluted headline loss per share of 1.8 cents reported for the year ended 28 February 2011. These numbers represent an improvement in headline loss per share of between 50% and 28%. The financial information on which this trading statement is based has not been reviewed or reported on by Finbond`s auditors. Finbond is currently preparing its results for the year ended 29 February 2012 and the Company`s auditors are completing their audit of these results. Pretoria 21 May 2012 DESIGNATED ADVISER: GRINDROD BANK LIMITED Date: 21/05/2012 16:30:01 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.
