MARSHALL MONTEAGLE PLC - Correction of EPS and HEPS for year end September 2011

Correction of EPS and HEPS for year end September 2011

Marshall Monteagle PLC
(Incorporated in Jersey. Registration No. 102785)
(SA Registration No: 2010/024031/10)
JSE CODE: MMP ISIN: JE00B5N88T08
(“Marshall” or “the Company”

Correction of Headline earnings per share for the year ended 30
September 2011

Shareholders are referred the annual financial statements for the
year ended 30 September 2011 that were posted at the end of
February 2012.

Due to an oversight, the figures for Headline earnings per share
set out in Note 7. Earnings per Share on page 19 of the annual
financial statements were incorrectly calculated.

As Marshall Monteagle PLC have been part of a JSE Limited pro-
active monitoring exercise, the Company is required to publish the
correct figures for Headline earnings per share. The correct note
reads as follows:


7.   Earnings per Share

                                                    2011     2010

Basic earnings based on the result attributable 15.4c        *8.2 c
to shareholders of the Company and on the
average of shares in issue 35,857,512
(2010 – 35,711,082, adjusted for reorganisation)
Headline earnings per share, based on headline   13.0c       *7.9 c
earnings and the average number of shares in
issue

*    Prior year comparatives have been restated to reflect the
increase in shares in issue.


Reconciliation between basic and headline           US$000   US$000
earnings per share
Basic earnings per share                            5,530    2,933
Adjusted for:
Investment property revaluations                    (918)    (336)
Reclassification of previously recognised losses
on disposal of available for sale investments       (75)     89
Loss on disposal of non-current tangible assets     113      135
Headline earnings                                   4,650    2,821


Johannesburg
6 November 2012

Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)

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