Trading update

Shareholders are advised that the group’s earnings per share and headline earnings per share for the six months ended 31 December 2009 are estimated to be between 55 and 65 cents. This compares with the 113.5 cents per share for the previous comparable period ended 31 December 2008.

The anticipated decline in earnings stems primarily from a combination of the lower rand basket price received, the effects of inflation on the operating costs and the increase in the number of shares in issue during the period under review.

The weighted average number of shares in issue as at 31 December 2009 was 360 130 630, compared with 326 813 788 as at 31 December 2008.

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

It is anticipated that the interim results for the six months ended 31 December 2009 will be released on or about 23 February 2010.

10 February 2010

Sponsor: Barnard Jacobs Mellet Corporate Finance(Pty) Limited