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CML
CML
CML - Coronation Fund Managers Limited - Capital distribution
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/009318/06)
ISIN: ZAE000047353
Share code: CML
("Coronation" or "the Company")
CAPITAL DISTRIBUTION
INTRODUCTION
Further to the SENS announcement dated 14 May 2007 in which
Coronation declared its intention to make an interim capital
distribution ("the distribution") of 20 cents per share on 11 June
2007, this notice sets out the financial effects of the
distribution.
FINANCIAL EFFECTS OF THE DISTRIBUTION
The directors of Coronation are responsible for the preparation of
the financial information below which has been included for the
purposes of indicating the effect of the distribution on
Coronation`s earnings, headline earnings, net asset value and net
tangible asset value per share as illustrated below.
Measure Before the After the Change
(in cents per share) distribution distribution (%)
Basic earnings 36.0 35.6 (1.0)
Headline earnings 34.7 34.3 (1.1)
Diluted basic earnings 32.2 31.9 (1.0)
Diluted headline 31.1 30.8 (1.1)
earnings
Net asset value 337.3 316.9 (6.0)
Net tangible asset 30.5 10.1 (66.8)
value
Notes
The amount in the "Before" column represents the basic, headline,
fully diluted basic and fully diluted headline earnings per share
disclosed in the interim financial results for the six months ended
31 March 2007. The amounts in the "After" column represent the
basic, headline, fully diluted basic and fully diluted headline
earnings per share after the distribution on the assumption that the
distribution was effected on 1 October 2006.
The amounts in the "After" column represent the basic, headline,
fully diluted basic and fully diluted headline earnings per share
after the distribution on the assumption that interest will no
longer accrue to Coronation on the distribution consideration at
7.25% per annum before tax.
The amounts in the "Before" column represent the net asset value and
net tangible asset value per share as disclosed in the interim
financial results for the six months ended 31 March 2007. The
amounts in the "After" column represent the net asset value and net
tangible asset value per share based on the interim financial
results for the six months ended 31 March 2007 adjusted for the
distribution, had it been effected on 1 October 2006.
Cape Town
06 June 2007
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 06/06/2007 11:06:01 Produced by the JSE SENS Department.
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