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ROYAL BAFOKENG PLATINUM LIMITED - Trading statement for the six months ended 30 June 2012

Release Date: 27/07/2012 09:00
Code(s): RBP
Wrap Text
Trading statement for the six months ended 30 June 2012

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)


Trading statement for the six months ended 30 June 2012

In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
(“JSE”), a listed company is required to publish a trading statement as
soon as it is 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 those of the previous corresponding period.

RBPlat is in the process of finalising its financial results for the six
months ended 30 June 2012. The company advises that it anticipates
earnings per share (“EPS”) and headline earnings per share (“HEPS”) for
the six months ended 30 June 2012, to be between 40 cents and 50 cents,
compared to an EPS and HEPS of 105 cents for the previous corresponding
period (the six months ended 30 June 2011).

Normalised EPS for the six months ended 30 June 2012, after adjusting
for an additional amortisation and depreciation charge related to a fair
value adjustment, are anticipated to be between 55 cents and 70 cents
compared to Normalised EPS of 126 cents for the previous corresponding
period.

The expected decrease in EPS, HEPS and Normalised EPS is primarily due
to lower sales volumes, lower realised revenue basket prices and
elevated mining industry cost inflation during the first half of 2012.
Sales volumes for the period were lower primarily due to an increased
level of safety related stoppages, caused largely by a fatal accident
and a fall of ground shortly thereafter, together with lower grades
primarily due to the processing of low grade above-surface ore.

RBPlat expects to release its interim results on or about 20 August
2012.

The information set out in this announcement has not yet been reviewed
and reported on by the company’s external auditors.

Johannesburg
27 July 2012


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further enquiries, please contact:

Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803

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