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ROYAL BAFOKENG PLATINUM LIMITED - Trading statement for the six months ended 30 June 2014

Release Date: 22/07/2014 09:30
Code(s): RBP     PDF:  
Wrap Text
Trading statement for the six months ended 30 June 2014

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
("RBPlat" or the "company")


Trading statement for the six months ended 30 June 2014

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is
required to publish a trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported upon next will differ by at
least 20% from those of the previous corresponding period.

RBPlat is in the process of finalising its financial results for the six months ended 30 June 2014.
The company advises that it anticipates earnings per share ("EPS") and headline earnings per
share ("HEPS") for the six months ended 30 June 2014, to be between 106 cents and 121
cents, compared to an EPS and HEPS of 87 cents for the previous corresponding period (the
six months ended 30 June 2013).

Normalised EPS for the six months ended 30 June 2014, after adjusting for an additional after
tax effect of amortisation and depreciation charge related to a fair value adjustment are
anticipated to be between 122 cents and 139 cents compared to Normalised EPS of 111 cents
for the previous corresponding period.

The expected increase in EPS, HEPS and Normalised EPS is primarily due to higher realised
revenue basket prices and sustained production adjusted for the impact of the increased
weighted average number of shares in issue post the R1,5 billion capital raising during the first
half of 2014.

The information set out in this announcement has not yet been reviewed and reported on by the
company's external auditors.

RBPlat expects to release its interim results on or about 5 August 2014.


Johannesburg
22 July 2014


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further information, please contact:

Lindiwe Montshiwagae
Investor Relations Manager
Tel: +27 (0)10 590 4517
Mobile: +27 (0)82 920 7803

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