PALABORA MINING COMPANY LIMITED - Trading Statement

Trading Statement

PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number – 1956/002134/06
JSE Code: PAM         ISIN: ZAE000005245
(“Palabora” or “the Company”)

TRADING STATEMENT

In accordance with paragraph 3.4(b) of the JSE Limited Listings Requirements,
Palabora shareholders (“Shareholders”) are advised that the Company’s financial
results for the six months ended 30 June 2013 will be as follows:

   •   Earnings before interest, tax, depreciation and amortisation (“EBITDA”)
       R983 million or 2 034 cents per share;

   •   Basic earnings of R778 million or 1 610 cents per share;

   •   Headline earnings of R779 million or 1 612 cents per share; and

   •   Cash and cash equivalents amounting to R3 031 million.

The above guidance compares with EBITDA of R747 million (1 545 cents per share),
basic earnings of R338 million (699 cents per share) and headline earnings of
R337 million (697 cents per share) for the six month period to 30 June 2012
(“comparative period”). The reported operating earnings (earnings before interest and
tax) for the comparative period was R413 million. This was adjusted by adding back
the depreciation and amortisation expense of R334 million to arrive at the EBITDA of
R747 million.

Cash and cash equivalents and net cash were R2 245 million as at 30 June 2012.

Shareholders are advised that the information contained in this trading statement has
not been reviewed or reported on by the external auditors of the Company. It is
anticipated that the results for the six months ended 30 June 2013 will be published
on or about 16 August 2013.


Phalaborwa
31 July 2013

Sponsor: One Capital

Date: 31/07/2013 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.