METBOARD PROPERTIES LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Metboard Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/005425/06)
JSE Share code: MPL
ISIN: ZAE000014874
(`Metboard`)
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa (`JSE`), a listed company is required to publish a trading statement as
soon as it becomes aware that its financial results for the next reporting
period will be substantially different to those of the corresponding reporting
period of the previous year. Metboard linked unitholders are hereby advised that
it is anticipated that the earnings per Metboard share and linked unit for the
financial year ended 31 March 2004 are likely to be substantially higher
(`substantially` being an increase or decrease of greater than 30%, as defined
in the revised Listings Requirements of the JSE) than those reported in the
corresponding reporting period of the previous year.
The increase in earnings arises from a net surplus on the revaluation of
investment properties. Headline earnings per share and linked unit and
distribution per share and linked unit are not impacted by such revaluation net
surplus. As the forecast has not been reviewed or reported on by Metboard`s
auditors, Metboard`s linked unitholders are advised to exercise caution when
dealing in the Metboard`s linked units on the JSE until the release of
Mebtoard`s financial results for the year ended 31 March 2004, which are
anticipated to be released on or about 2 June 2004.
Sandton
24 May 2004
Sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 24/05/2004 02:49:03 PM Produced by the JSE SENS Department
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