HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual

HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual       
General Meeting                                                                 
Howden Africa Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/002982/06)                                            
Share code: HWN                                                                 
ISIN: ZAE000010583                                                              
("HAHL" or "the Company")                                                       
Chairman`s Statement at the Annual General Meeting                              
After 4 months of trading, it gives me pleasure to update shareholders          
regarding the present trading position of the Group.                            
There were strong sales over the first 4 months in the environmental            
control, power generation plant services and mine installation businesses       
(47% above 2011 P4).                                                            
The order intake for the first four months of trading was almost as high        
resulting in a slight reduction in the order book when compared to the          
position reported at the end of December 2011.                                  
There has been good order intake experienced, especially for mine main          
ventilation fan supplies in South Africa and the rest of Africa and for         
power generation and petrochemical service and spares work in South Africa.     
The trading outlook is generally cautiously optimistic in the heavy             
engineering sector of mining, mineral process plants and aftermarket, but       
less so in the medium industrial and building industry.                         
Finally, I am able to report that the directors have declared a final           
dividend of 29 cents per for the year ending December 2011 share and a          
special dividend of 146 cents per share to all shareholders registered in       
the books of the Company on 29 June 2012.                                       
30 MAY 2012                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited (Registration    
number 1970/003711/07)                                                          
Date: 30/05/2012 12:05:01 Supplied by www.sharenet.co.za                     
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