RMB HOLDINGS LIMITED - Trading Statement: Year Ended 30 June 2012

Trading Statement: Year Ended 30 June 2012

RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1987/005115/06
ISIN: ZAE000024501
Share Code: RMH
("RMBH" or “the Group”)

TRADING STATEMENT: YEAR ENDED 30 JUNE 2012

INTRODUCTION

In terms paragraph 3.4(b) of the Listings Requirements of the JSE
Limited, an issuer is required to publish a trading statement as
soon as it becomes apparent that earnings per share (“EPS”) and/or
headline earnings per share (“HEPS”) for the next reporting
period are expected, with a reasonable degree of certainty, to
differ by at least 20% from those of the previous corresponding
reporting period.

IMPACT OF PRIOR YEAR RESTRUCTURING

Shareholders are reminded that during the last quarter of the
financial year ended 30 June 2011 (the “prior year”) RMBH
completed a far-reaching restructuring, culminating in the
distribution to shareholders of the Group’s insurance interests,
now held by separately listed Rand Merchant Insurance Holdings
Limited (“Rand Merchant Insurance”).

After the restructuring, RMBH’s sole remaining interest is its 34%
stake in FirstRand Limited (“FirstRand”).

As a result of the prior year restructuring:
- RMBH’s EPS and HEPS for the prior year ended 30 June 2011,
   comprise the earnings of both its interest in FirstRand and its
   then wholly-owned subsidiary Rand Merchant Insurance; while
- for the current year ended 30 June 2012, RMBH’s EPS and HEPS
   only reflect the outcome of its 34% interest in FirstRand.

Consequently, shareholders are advised that EPS for the year ended
30 June 2012 (which include both continuing and discontinued
operations in the prior year result) is expected to decrease by
between 60% and 70% from the 895.4 cents reported in 2011.    HEPS
is expected to increase by between 0% and 5% from the 294.4 cents
reported in the prior year.

NORMALISED EARNINGS FOR YEAR ENDED 30 JUNE 2012

RMBH considers Normalised HEPS from continuing operations to most
accurately represent operational performance for the year under
review, as it gives appropriate recognition to the prior year
restructuring.
On this basis, shareholders are advised that Normalised HEPS for
the year ended 30 June 2012 is expected to increase by between 20%
and 25% from the 241.3 cents reported in 2011.

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

RMBH’s results for the year ended 30 June 2012 is expected to be
released on SENS on or about Wednesday, 12th September 2012.


Sandton
4 September 2012

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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