INFRASORS HOLDINGS LIMITED - Trading Update

Trading Update

Infrasors Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/002405/06)
Share Code on the JSE: IRA ISIN: ZAE000101507
("Infrasors" or "the Company")


FURTHER TRADING UPDATE

In terms of the JSE Listings Requirements, companies are required to
publish a trading statement as soon as they are satisfied within a
reasonable degree of certainty that the financial results of the period
to be reported upon will differ by 20% or more from the financial
results of the previous corresponding period.

Shareholders are referred to the trading update published on SENS on 25
April 2013, and are advised that the company has obtained more certainty
regarding their financial results for the year ended 28 February 2013.

Accordingly, Infrasors shareholders are advised that for the year ended
28 February 2013 (“the year”):

-   Earnings per share (“EPS”) is expected to be a loss of between 175.0
    cents per share and 155.0 cents per share (previous trading update
    reflect a loss of between 185.0 cents per share and 165.0 cents per
    share), compared to a profit of 15.0 cents per share for the
    previous year;

-   Headline earnings per share (“HEPS”) is expected to be a loss of
    between 60.0 cents per share and 40.0 cent per share (previous
    trading update reflect a loss of between 30.0 cents per share and
    20.0 cents per share), compared to a profit of 10.3 cents per share
    for the previous year.

The key reasons for the decline in EPS and HEPS since the previous year
include additional costs, increased depreciation/amortisation and
impairments incurred during the year (in respect of property, investment
property, plant & equipment assets, mineral rights, loans receivable and
deferred tax assets) due to Delf Sand mine nearing the end of its
economic live, non-core projects being suspended and a loan written down
to market value.


The financial information on which this further trading update is based
has not been reviewed, audited and reported on by the Company’s auditors.

Shareholders are advised that the results for the year ended 28 February
2013 will be released towards the end of May 2013.

By Order of the Board of Directors
Johannesburg
24 May 2013


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 24/05/2013 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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