LGL
LIBU
LGL - Liberty Group Limited - Trading statement
Liberty Group Limited
(Liberty Life)
Registration number 1957/002788/06
Incorporated in the Republic of South Africa
Share code: LGL
ISIN code: ZAE000057360
Trading statement
Liberty Life`s results for the six months ended 30 June 2007 will be published
on 8 August 2007. Shareholders are advised that the group`s headline earnings
per share and the BEE normalised (Note 1) headline earnings per share are
expected to be between 45% and 55% higher than that reported in respect of the
corresponding 2006 period.
In addition, basic earnings per share attributable to ordinary shareholders are
expected to be between 5% and 15% higher than basic earnings per share for the
six months ended 30 June 2006 (Note 2), mainly due to the profit on the sale of
Ermitage and Prefsure, which was included in the 2006 comparative period, but
not repeated in 2007.
The information contained in this announcement has not been reviewed or audited
by the company`s external auditors.
(Note 1)
As defined in the 2006 annual report, Black Economic Empowerment (BEE)
normalised headline earnings per share include dividends received on the group`s
BEE preference shares and also include the reinstatement of the number of shares
in issue relating to the group`s BEE transaction. This measure reflects the
economic reality of the transaction as opposed to the required technical
accounting treatment that reflects the BEE transaction effectively as a share
buyback.
(Note 2)
Basic earnings per share includes profits or losses on the sale of subsidiaries.
Johannesburg
26 July 2007
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 26/07/2007 12:26:38 Produced by the JSE SENS Department.
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