SAIL - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
SAIL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1941/014601/06)
("SAIL" or "the Company")
Share code: SIR ISIN: ZAE000039962
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that SAIL"s earnings and headline earnings per share
for the 6-month period ended 30 June 2003 will be substantially lower
("substantially" as defined in the revised JSE Securities Exchange South Africa
Listings Requirements) than that of the prior comparative 6-month period.
Further details will be provided when the interim results for the six months
ended 30 June 2003 have been finalised and are published on or about 9 September
2003.
The earnings and headline earnings per share estimates for the six months ended
30 June 2003 have not been reviewed and reported on by SAIL"s auditors,
therefore shareholders are advised to exercise caution when dealing in SAIL"s
shares until the aforementioned interim results are published.
Following the year ended 31 December 2002, SAIL has made good progress in
focusing on the operational business model and in the general restructuring of
the business. This progress has resulted in an improvement in earnings and
headline earnings per share for the six-month period ended 30 June 2003, in
comparison to those reported for the 2002 financial year-end.
Cape Town
25 August 2003
Sponsor
Nedbank Corporate
Date: 25/08/2003 05:30:05 PM Supplied by www.sharenet.co.za
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