Trading statement

Shareholders are advised that the group’s earnings and headline earnings per share for the six months ended 31 December 2014 are estimated to range between 80 cents per share and 98 cents per share, compared to the loss and headline loss of 25 cents per share reported for the six months ended 31 December 2013. The aforementioned range expressed in percentage terms is an increase of between 420% and 492%.

The anticipated increase in earnings is attributable to higher production volumes from both the Zondereinde and Booysendal divisions.  In the previous comparable period Zondereinde’s results were negatively impacted by the effects of a protracted strike, while Booysendal’s output continues to grow in line with the mine’s ramp-up.

The weighted average number of shares in issue for the six months ended 31 December 2014 is 397 586 096.

This trading statement has not been reviewed or reported on by the group’s auditors.

The interim results for the six months ended 31 December 2014 are anticipated to be released on or about the 20 February 2015.

Johannesburg
11 February 2015

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

Marion Brower +27 (0) 82 895 0698
Memory Johnstone +27 (0)11 880 3924