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ROYAL BAFOKENG PLATINUM LIMITED - Trading statement for the year ended 31 December 2013

Release Date: 06/02/2014 12:00
Code(s): RBP     PDF:  
Wrap Text
Trading statement for the year ended 31 December 2013

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)


Trading statement for the year ended 31 December 2013

In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited
(“JSE”), a listed company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon next will
differ by at least 20% from those of the previous corresponding period.

RBPlat is in the process of finalising its financial results for the
year ended 31 December 2013. The company advises that it anticipates
earnings per share (“EPS”) and headline earnings per share (“HEPS”) for
the year ended 31 December 2013, to be between 160 cents and 180 cents,
compared to an EPS and HEPS of 104 cents for the previous corresponding
period (the year ended 31 December 2012).

Normalised EPS for the year ended 31 December 2012, after adjusting for
an additional amortisation and depreciation charge related to a fair
value adjustment is anticipated to be between 200 cents and 220 cents
compared to Normalised EPS of 142 cents for the previous corresponding
period.

The expected increase in EPS, HEPS and Normalised EPS is primarily due
to higher sales volumes and higher ZAR basket prices due to the ZAR
weakening against the USD in 2013 compared to 2012 as well as good cost
containment resulting from improved mining flexibility and specific cost
reduction strategies.

RBPlat expects to release its results for the year ended 31 December
2013 on or about 4 March 2014.

The information set out in this announcement has not yet been reviewed
and reported on by the company’s external auditors.

Johannesburg
6 February 2014


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further enquiries, please contact:

Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803

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