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ANGLO AMERICAN PLAT LIMITED - Updated trading statement for the six months ended 30 June 2016

Release Date: 12/07/2016 08:00
Code(s): AMS     PDF:  
Wrap Text
Updated trading statement for the six months ended 30 June 2016

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“the Company" or "Anglo American Platinum")

UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016

Anglo American Platinum will release results for the six months ended 30 June 2016 (“the period”) on the
Johannesburg Stock Exchange News Service (“SENS”) on 25 July 2016.

Shareholders are referred to the Company’s trading statement released on SENS on 21 June 2016 in
which the Company advised that headline earnings and headline earnings per share (“HEPS”) respectively
for the period were expected to be at least 20% (R494 million or 189 cents per share) lower than for the
comparative reporting period for the six months ended 30 June 2015 (“comparative period”) and that basic
earnings and basic earnings per share (“EPS”) respectively for the period were also expected to be at
least 20% (R489 million or 187 cents per share) lower than for the comparative period.

Following the end of the period, shareholders are advised that headline earnings and HEPS for the period
are likely to decrease to between R745 million and R1,235 million (or between 70% and 50% lower than
the prior year) and 285 cents and 470 cents per share (or between 70% and 50% lower than the prior year)
respectively. This compares to headline earnings and HEPS of R2,471 million and 945 cents respectively
reported for the comparative period.

Basic earnings and EPS for the period are likely to decrease to between R645 million and R1,130 million
(or between 74% and 54% lower than the prior year) and 245 cents and 430 cents per share (or between
74% and 54% lower than the prior year) respectively. This compares to basic earnings and EPS of R2,444
million and 936 cents respectively reported for the comparative period.

The expected decrease in basic earnings and headline earnings is primarily due a higher inventory gain in
the comparative period arising from the annual inventory count (equating to a gain of R1.6 billion or 599
cents per share post-tax) which was substantially higher than the inventory gain in the current period
(equating to a gain of R424 million or 162 cents per share post-tax). In addition, basic earnings and
headline earnings were negatively impacted by a decrease in dollar metal prices in the current period.
Restructuring costs are similar for both reporting periods.

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

Johannesburg
12 July 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:

Investors:
Emma Chapman
Head of Investor Relations
Tel: +27 (0)11 373 6239
emma.chapman@angloamerican.com

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


About Anglo American Platinum
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. 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 a globally diversified mining business. Our portfolio of world-class competitive mining
operations and undeveloped resources provides the raw materials to meet the growing consumer-driven
demands of the world’s developed and maturing economies. Our people are at the heart of our business.
It is our people who use the latest technologies to find new resources, plan and build our mines and who
mine, process and move and market our products – from diamonds (through De Beers) to platinum and
other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our
key partners and stakeholders to unlock the long-term value that those resources represent for our
shareholders, but also for the communities and countries in which we operate – creating sustainable
value and making a real difference.

www.angloamerican.com

Date: 12/07/2016 08:00:00 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.

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