Trading statement

Shareholders are advised that the group’s earnings per share and headline earnings per share for the year ended 30 June 2014 are estimated to range between a loss of 8.0 cents per share and earnings of 12.0 cents per share, compared to the earnings of 132.0 cents per share and headline earnings of 136.5 cents per share that were reported for the year ended 30 June 2013.

The anticipated decline in earnings reflects the negative impact of industrial action that resulted in the suspension of production at the group’s Zondereinde mine from 3 November 2013 to 21 January 2014. In addition, the new Booysendal mine is still ramping up to full production and is yet to contribute positively to the group’s earnings.

The weighted average number of shares in issue for the year ended 30 June 2014 increased to 390 969 652, compared to 382 560 902 shares for the year ended 30 June 2013, following a rights offer concluded in December  2013.

The information contained in this trading statement has not been reviewed or reported on by the group’s auditors.

It is anticipated that the reviewed preliminary results for the year ended 30 June 2014 will be released on or about 14 August 2014.

Issued by
Russell & Associates
Johannesburg
Tel +27 (0)11 880 3924