MKL - Makalani - Trading Statement: Twelve Month P
MKL
MKL
MKL - Makalani - Trading Statement: Twelve Month Period Ending 30 June 2007
Makalani Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/000726/06)
Share code: MKL
ISIN: ZAE000066700
("Makalani" or "the company")
TRADING STATEMENT IN RESPECT OF THE TWELVE MONTH PERIOD ENDING 30 JUNE 2007
In compliance with the JSE Limited Listings Requirements, unitholders are
advised that Makalani`s headline earnings per linked unit (HEPLU) for the twelve
month period ending 30 June 2007 is expected to be between 20% - 35% above the
corresponding published results, which were for the fourteen month period ended
30 June 2006.
The financial information on which this trading statement is based has not been
reviewed and reported on by the company`s external auditors.
Makalani`s full financial results for the twelve month period ending 30 June
2007 will be released on SENS on or about 12 September 2007.
The increase in HEPLU is as a result of the company being successful in
converting cash into invested assets and an increase in interest rates. The
company`s policy is to hedge all its fixed interest rate assets into floating
interest rates based on the three month Johannesburg Interbank Agreed Rate
(JIBAR) through the use of interest rate swaps. The company uses interest rate
swaps to ensure that the company earns income on its investment portfolio based
on a floating interest rate basis.
Sandton
15 June 2007
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/06/2007 15:12:03 Produced by the JSE SENS Department.
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