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ANGLO AMERICAN PLAT LTD - Trading Statement

Release Date: 22/01/2014 08:00
Code(s): AMS     PDF:  
Wrap Text
Trading Statement

ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181

NEWS RELEASE

Trading Statement

Anglo American Platinum Limited is currently finalising its results for the year ended 31
December 2013 (“the period”), which will be released on SENS on 3 February 2014.

Headline earnings per share (“HEPS”) for the period is expected to increase to a profit of
between 480 cents and 590 cents from a loss of 562 cents reported for the year ended 31
December 2012 (“the comparative period”). The increase in HEPS is primarily due to higher
sales volumes and a favourable Rand/US dollar exchange rate. This was partially off-set by
weaker US dollar metals prices and one-off restructuring costs amounting to R1,457 million
(after-tax R1,049 million, equivalent to 402 cents per share) and a higher effective tax rate
resulting from an additional provision for tax in respect of prior years.

Basic earnings per share (“EPS”) for the period is expected to improve to a loss of between 495
cents and 605 cents from a loss of 2,558 cents for the comparative period. Basic earnings for
the period include one-off items including a R2,814 million (after-tax R2,026 million, equivalent
to 776 cents per share) write down in the carrying value of various projects and other assets as
a result of the implementation of the restructuring plans; and the loss on the acquisition of
properties amounting to R833 million related to the Atlatsa Resources Corporation (Atlatsa)
refinancing transaction. There was no tax impact arising on the loss on acquisition of properties.

The financial information on which this trading statement is based has not been reviewed and
reported on by Anglo American Platinum Limited’s external auditors.

22 January 2014

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

For further information, please contact:

Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com

Investors:
Emma Chapman
Tel (UK): +44 (0)20 7968 8451
Tel (SA): +27 (0)11 373 6239
emma.chapman@angloamerican.com
Notes to editors:

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the
world’s leading primary producer of platinum group metals. The company is listed on the
Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are
based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in
Zimbabwe and is actively exploring in Brazil. Anglo American Platinum has a number of joint
ventures with several historically disadvantaged South African consortia as part of its
commitment to the transformation of the mining industry. Anglo American Platinum is
committed to the highest standards of safety and continues to make meaningful and
sustainable difference in the development of the communities around its operations.
www.angloamericanplatinum.com

Anglo American is one of the world’s largest mining companies, is headquartered in the UK and
listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses
meets our customers’ changing needs and spans bulk commodities – iron ore and manganese,
metallurgical coal and thermal coal; base metals and minerals – copper, nickel, niobium and
phosphates; and precious metals and minerals – in which we are a global leader in both
platinum and diamonds. At Anglo American, we are committed to working together with our
stakeholders – our investors, our partners and our employees – to create sustainable value that
makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com

Date: 22/01/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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