Sabvest Limited - Trading Statement
SABVEST LIMITED
(Incorporated in the Republic of South Africa)(Registration number 1987/003753/06)
Ordinary shares: Share code: SBV ISIN: ZAE 000006417
N Ordinary shares: Share code: SVN ISIN: ZAE 000012043
(`Sabvest` or `the CompanyTRADING STATEMENT
Shareholders are advised that Sabvest expects its interim headline earnings per
share and earnings per share for the six months ended 30 June 2005 to increase
by between 70% and 80% and 55% and 65% respectively over the comparative periodfor the prior year.
This increase is largely a result of higher income in the group`s finance
subsidiary, and accounting for an increase in the deferred tax asset which is
unlikely to be repeated in the second half of the year. Therefore the extent ofthe increase at the interim stage will not be repeated for the full year.
The expected results do not incorporate the effects of the introduction of
International Financial Reporting Standards `IFRS` in the group`s associates,
which are equity accounted by Sabvest, as these have different year ends andIFRS timetables to Sabvest. Accordingly a further trading update will be issued
in due course.
These estimates are unaudited. The company expects to publish interim results
at the end of September 2005.Sandton
23 June 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)Date: 23/06/2005 04:46:56 PM Produced by the JSE SENS Department
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