CGR - Calgro M3 - Trading Statement

CGR - Calgro M3 - Trading Statement                                             
CALGRO M3 HOLDINGS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration Number 2004/030045/06)                                            
Share code:  CGR      ISIN:  ZAE000109203                                       
("Calgro M3" or "the company")                                                  
TRADING STATEMENT                                                               
In accordance with paragraph 3.4 of the Listings Requirements of the JSE        
Limited, a listed company is required to publish a trading statement as soon    
as it becomes aware, with a reasonable degree of certainty, that the financial  
results for the next period to be reported on are likely to vary by more than   
20% from the previous corresponding period.                                     
The company expects an improvement of more than 100% in the headline earnings   
per share ("HEPS") as the company expects to generate a profit in HEPS for the  
year ending 28 February 2011, compared to a headline loss per share reported    
on in the previous year.                                                        
Calgro M3 wishes to advise shareholders that the company expects a decrease in  
earnings per share ("EPS") for the year ending 28 February 2011 of more than    
20% compared to the EPS reported on in the prior comparative period.            
Due to uncertainties with regards to the number of property registrations that  
will be registered in the deed office by the end of the financial year, Calgro  
M3 is unable to quantify the range of the decrease in EPS and the increase in   
the HEPS with any degree of certainty.  The company did not undertake any       
corporate action during the current financial year, when compared to the prior  
year.                                                                           
Once the company has obtained a reasonable degree of certainty on the actual    
range of the decrease in EPS and the increase in the HEPS, a further trading    
statement will be released.                                                     
The financial information on which this trading statement is based has not      
been reviewed or reported on by the company`s auditors.                         
Johannesburg                                                                    
16 February 2011                                                                
Designated Adviser                                                              
Grindrod Bank Limited                                                           
Date: 16/02/2011 10:41:00 Supplied by www.sharenet.co.za                     
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