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ADVTECH LIMITED - Updated Voluntary Trading Statement

Release Date: 17/08/2012 14:38
Code(s): ADH     PDF:  
Wrap Text
Updated Voluntary Trading Statement

ADvTECH Limited

(Incorporated in the Republic of South Africa)

(Registration number 1990/001119/06)

Share code: ADH ISIN: ZAE000031035

("the Group")

FURTHER VOLUNTARY TRADING STATEMENT

Further to the previous voluntary trading statement released on 22 May 2012, the Board of ADvTECH
Limited confirms the pleasing enrolments achieved in the Schools division and encouraging progress
in the Resourcing division, which is expected to result in both Divisions achieving good operating
performances. However, the lower enrolments achieved in the Tertiary division have had a more
significant impact on operating performance than had been estimated at the time of the previous
trading statement. Steps continue to be taken to minimise the impact of the lower enrolments and to
restore the Division’s operating performance.

This decline in the Tertiary division’s operating performance has affected the Group’s results more
significantly than initially expected. With this in mind, and in terms of paragraph 3.4 (b) of the Listings
Requirements of the JSE Limited, the Board of ADvTECH Limited hereby advises that earnings per share
and headline earnings per share for the Group for the interim period ended 30 June 2012 are expected to
be between 15% and 19% lower than for the prior comparative period.

The strength of the Group’s statement of financial position and cash flow enables the Board to
continue to invest in those initiatives that support the Group’s strategy of creating long-term value for
shareholders.

The financial information on which this trading statement is based has not been reviewed or reported on
by the Group’s auditors.

ADvTECH anticipates releasing its results for the interim period ended 30 June 2012 on or about 27
August 2012.

Johannesburg
17 August 2012
Sponsor: Bridge Capital Advisors (Pty) Limited

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