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AMS
ANANP
AMS - Anglo Platinum Limited - Trading Statement
Anglo Platinum Limited
Registration No.: 1946/022452/06
Instrument Alpha Code/Ticker Symbol: AMS
ISIN: ZAE000013181
("Anglo Platinum" or "the Company")
TRADING STATEMENT
Further to the announcement released on SENS on 17 May 2010, Anglo Platinum
advises shareholders that basic earnings per share for the half year ended 30
June 2010 are expected to be between 1,253 cents and 1,372 cents compared with
the basic earnings per share of 1,193 cents for the half year ended 30 June 2009
(restated from 1,144 cents).
Headline earnings per share are expected to be between 1,011 cents and 1,044
cents compared with the headline earnings per share of 164 cents for the half
year ended 30 June 2009 (restated from 169 cents).
The expected increase in headline earnings per share is primarily as a result of
higher metal prices in the period.
The difference between the basic earnings per share and headline earnings per
share for the first half of 2010 is attributable to the profit in respect of the
sale of Anglo Platinum`s 37% interest in the Western Bushveld joint venture to
Wesizwe Platinum Limited.
Note that Basic and Headline Earnings per share for the half year ended 30 June
2009 have been restated for the following two reasons:
i. to account for the restatement of the profit on the disposal of 51% of
Lebowa Platinum Mines (refer to note 49 in the annual report for the year
ended 31 December 2009); and
ii. to account for the proforma increase in shares in issue as at 30 June 2009
and 31 December 2009 due to the impact of the bonus element of the R12.5
billion Rights Issue (as required by IAS 33 - Earnings per Share)
This trading statement is issued in compliance with the Listings Requirements
(Section 3.4 (b)) of the JSE Limited. The financial information on which this
trading statement is based has not been reviewed and reported on by the
Company`s auditors. Anglo Platinum intends publishing its interim results on
SENS on 26 July 2010.
For further information please contact:
Anna Mulholland
011 373 6683
amulholland@angloplat.com
Johannesburg
13 July 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/07/2010 11:34:01 Produced by the JSE SENS Department.
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