ZURICH INSURANCE COMPANY S A LTD - TRADING STATEMENT

Zurich Insurance Company South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number 1965/006764/06
ISIN: ZAE000094496
JSE Code: ZSA
("Zurich SA" or "the Company")


TRADING STATEMENT


Zurich SA is currently finalising its results for the six months

ended 30 June 2012, which should be released on SENS on or about 2
August 2012.


Earnings per share is anticipated to be in a range of 227 cents to

258 cents per share (2011: 304 cents per share) and headline

earnings per share in the range of 220 cents per share to 247
cents per share (2011: 276 cents per share).


The Company's results have been impacted by a reduction in

business volumes following the closure of its Risk Financing

operation and by large losses in the property portfolio of the
corporate segment.


Shareholders are advised that the above information has not been

reviewed and reported on by the Company's external auditors.



Johannesburg
19 July 2012


Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Date: 19/07/2012 04:00:00 Supplied by www.sharenet.co.za                     
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