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INSIMBI REFRACTORY & ALLOY SUP LTD - Revised Trading Statement

Release Date: 16/09/2015 11:40
Code(s): ISB     PDF:  
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Revised Trading Statement

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Group”)

FURTHER TRADING STATEMENT - EPS and HEPS to increase by between 70% and 80%

In terms of section 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to
publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported on will differ by at least 20% or more from the financial results
for the previous corresponding period.

Insimbi shareholders are referred to the trading statement issued on the 2nd September 2015 wherein they
were advised that the Group expected an improvement of at least 20% in both earnings per share (“EPS”)
headline earnings per share (“HEPS”) (which equated to an increase of at least 0.684 and 0.682 cents per
share respectively) and resulting in a minimum of at least 4.10 and 4.09 cents per share respectively for the
six months ending 31 August 2015.

Insimbi is pleased to announce that we are now confident that the expected range for both EPS and HEPS
for the period ending 31st August 2015, will be between 70% and 80% higher when compared to the
previous corresponding period. This equates to EPS of between 5.80 and 6.14 cents per share (an increase
of between 2.39 and 2.73 cents per share) and HEPS of between 5.81 and 6.16 cents per share (an
increase of between 2.39 and 2.74 cents per share).

The increase is a consequence of improved trading and operating conditions, despite the challenges faced
by the local steel industry, which has been mitigated to a large degree by the Group’s ever expanding
diversification.

Insimbi expects to release its interim financial results by no later than 7th October 2015. The financial
information on which this trading statement is based has not been reviewed and reported on by the Group’s
auditors.

Johannesburg
16 September 2015
Sponsor: Bridge Capital Advisors (Pty) Limited

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