Phumelela - Trading Update and Cautionary Announcement
Phumelela Gaming and Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269
Trading Update and Cautionary Announcement
Phumelela Gaming and Leisure Limited advises that, further to the SENS
announcement of 11 December 2003, despite all the preventative measures that
were put in place, there has been a confirmed outbreak of equine flu at the
North Rand Training Centre (Randjesfontein) in Gauteng; while the outbreak in
the Eastern Cape, previously confined to Arlington, has now spread to Fairview.
These centres have been placed under quarantine and a decision has been taken to
stop all further movement of horses in all Phumelela regions.
Accordingly, all scheduled race meetings in the Phumelela regions up to 31
December 2003 have been cancelled. The impact of these lost meetings on the
interim earnings per share, while material, is expected to be less than 30%.
As the forecast financial information has not been reviewed or reported on by
the company"s auditor, shareholders are advised to exercise caution when dealing
in Phumelela shares until a further announcement is made.
Johannesburg
18 December 2003
Date: 17/12/2003 05:36:02 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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