YRK - York Timber Holdings Limited - Trading Statement

YRK - York Timber Holdings Limited - Trading Statement                          
York Timber Holdings Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1916/004890/06)                                            
Share code: YRK                                                                 
ISIN: ZAE000133450                                                              
("York" or "the Group")                                                         
TRADING STATEMENT                                                               
York is in the process of completing its results for the year ended 30 June 2010
for release on or about 30 September 2010.                                      
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited,   
companies are required to publish a trading statement as soon as they become    
reasonably certain that the financial results for the period to be reported on  
next will differ by at least 20% to those of the previous corresponding period. 
Accordingly, York advises shareholders that:                                    
*    Headline earnings per share ("HEPS") for the year ended 30 June 2010   
         are expected to be between 112% and 120% higher than those reported in 
         the comparative period.  HEPS of between 30 cents and 50 cents are     
         expected (2009: Loss of 254 cents).                                    
*    Earnings per share ("EPS")  for the year ended 30 June 2010 are        
         expected to be between 107% and 114% higher than those reported in the 
         comparative period. EPS from continuing operations of between 20 cents 
         and 40 cents are expected (2009: Loss of 296 cents).                   
Despite the difficult economic environment, York successfully implemented its   
restructuring plans and right-sizing strategy resulting in an improvement in    
processing efficiencies and the optimisation of its raw material base. This led 
to an improved performance in the second half of the 2010 financial year.       
Furthermore, the Group adopted the discounted cash flow method, widely used in  
the Forestry, Paper and Pulp industry, to calculate the fair value of its       
biological asset.  This resulted in an increase in the value of the asset of    
approximately 10.5% over the comparative value of  the asset in the previous    
corresponding period.                                                           
Shareholders are advised that the information included in this announcement has 
not been reviewed or reported on by the Group`s auditors.                       
Sabie, Mpumalanga                                                               
15 September 2010                                                               
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
About the company                                                               
York has the largest market share of the South African lumber and plywood market
resulting from its sustainble biological asset integrated with primary and value
adding processes through the entire value chain. York operates in various trade 
sectors and markets, both domestic and overseas.                                
Date: 15/09/2010 14:41:01 Supplied by www.sharenet.co.za                     
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