HULAMIN LIMITED - Trading statement

Trading statement

Hulamin Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
ISIN: ZAE000096210
("Hulamin" or "the Company")

TRADING STATEMENT

Despite a tough trading environment, particularly in the local market which
has been impacted by depressed economic conditions and competition from
imports, and a slow first quarter in both domestic and export markets,
sales volumes for the six-month period ended 30 June 2016 have improved
considerably on growing production volumes.

The improved volumes and a significantly weaker Rand have assisted the
Company to remain cost competitive in the face of lower international
selling prices in general which have prevailed since the fourth quarter of
2015.

Consequently, shareholders are advised that Hulamin expects earnings per
share (“EPS”), headline earnings per share (“HEPS”) and normalised EPS for
the six months ended 30 June 2016 to be within the ranges shown below:


                      30 June 2016                30 June 2015
                      Expectation (cents) and     Reported (cents)
                      percentage increase
EPS                   46(92%) – 50(108%)          24
HEPS                  46(84%) - 50(100%)          25
Normalised EPS        46(77%) – 50(92%)           26


The financial information on which this trading statement is based has not
been reviewed and reported on by the Company's external auditors.

Hulamin's results for the six months ended 30 June 2016 are expected to be
released on the Stock Exchange News Service on or about 25 July 2016.

Pietermaritzburg
11 July 2016

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

Date: 11/07/2016 12:48:00 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.