Trading update

Shareholders are advised that the company’s earnings per share and headline earnings per share for the year ended 30 June 2008 are expected to be between 620 and 660 cents. This compares with the 560 cents per share reported for the previous comparable period ended 30 June 2007.

The expected increase in earnings results from a substantial rise in the average Rand receipts for the company’s basket of metals relative to the previous comparable period, thereby offsetting the effects of anticipated production shortfalls.

The forecast earnings have not been reviewed by the company’s auditors.

It is anticipated that the preliminary results for the year ended 30 June 2008 will be released on or about 7 August 2008.

Issued by

Russell & Associates
Tel: +27 11 880 3924
Marion Brower
Mobile: +27 82 895 0698