AMS
ANANP
AMS - Anglo Platinum Limited - Trading Statement
ANGLO PLATINUM LIMITED
Incorporated in the Republic of South Africa
Registration number 1946/022452/06
Share code: AMS
ISIN: ZAE000013181
("the Company")
TRADING STATEMENT
In accordance with section 3.4 (b) of the Listings Requirements of the JSE
Limited, Anglo Platinum Limited hereby advises shareholders that basic earnings
per share for the year ended 31 December 2010 are expected to increase to
between 3,579 cents and 3,825 cents from the basic earnings per share of 1,234
cents for the year ended 31 December 2009 (restated from 1,269 cents).
Headline earnings per share for the year ended 31 December 2010 are expected to
increase to between 1,907 and 1,965 cents from the headline earnings per share
of 289 cents (restated from 298 cents). The weighted average number of ordinary
shares in issue in 2010 was 254.8 million, compared to 243.7 in 2009 (restated
from 236.9).
The restatements in earnings per share and the change in the number of weighted
average shares in issue arise due to the proforma increase in shares in issue at
31 December 2009, resulting from the discount at which the rights offer was
offered to shareholders.
The expected increase in earnings is primarily as a result of higher Rand prices
achieved on metals sold. In addition, basic earnings will be impacted by the
profit on the disposal of a 37% interest in the Western Bushveld Joint Venture
and a 5% interest in RBPlatinum Limited.
The financial information on which this trading statement is based has not been
reviewed and reported on by the Company`s external auditors. Anglo Platinum
Limited intends to publish its audited annual results on 7 February 2011.
13 January 2011
Johannesburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/01/2011 15:00:01 Produced by the JSE SENS Department.
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