RMH
RMH
RMH - RMB Holdings Limited - Voluntary trading update by Firstrand Limited
RMB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
Share Code: RMH
(`RMBH` or `the Company`)
VOLUNTARY TRADING UPDATE BY FIRSTRAND LIMITED
Shareholders are referred to the voluntary trading update issued earlier today
by the Company`s associate, FirstRand Limited (`FirstRand`).
In that announcement FirstRand advised that, on a pro-forma basis, FirstRand`s
normalised earnings (following the unbundling of Discovery) are expected to grow
between 9% and 14% for the six month period to 31 December 2007.
As its investment in FirstRand produces the bulk of RMBH`s earnings, it is
anticipated that the impact outlined in FirstRand`s voluntary trading update
will flow through into RMBH`s results for the six month period to 31 December
2007.
Accordingly, RMBH`s normalised earnings are also expected to exceed the previous
comparative period by between 9% and 14%.
The financial information on which this voluntary trading update is based has
not been reviewed and reported on by the Company`s auditors.
Full details of RMBH`s financial results for the six month period to 31 December
2007 are expected to be released on SENS on 5 March 2008 and published in the
press on 6 March 2008.
Sandton
1 February 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 01/02/2008 16:04:44 Produced by the JSE SENS Department.
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