BEARING MAN LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
BEARING MAN LIMITED
(Reg. No. 1955/002109/06)
Share code: BRM ISIN number: ZAE000001137
("Bearing Man")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
In the announcement of the results for the year ended 31 March 2003 and the
subsequent interim results for the six months ended 30 September 2003,
shareholders were advised that in the event of the rand remaining strong,
earnings were unlikely to reach those achieved for the year ended 31 March 2003.
In the result, shareholders are advised that the earnings for the year ended 31
March 2004 are expected to be significantly lower than those of the prior
comparative period. Further, shareholders are advised that the earnings per
share and headline earnings per share are expected to be materially lower than
those of the prior comparative period due to a new issue of shares, which took
place during the period.
As the results for the year ended 31 March 2004 have not been reviewed and
reported on by Bearing Man"s auditors, shareholders are advised to exercise
caution when dealing in Bearing Man"s shares until the aforementioned results
have been published on or about 18 May 2004.
Durban
07 May 2004
Sponsor
Nedbank Capital
Date: 07/05/2004 07:56:07 AM Produced by the JSE SENS Department
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