Mutual & Federal - Trading Statement
MUTUAL & FEDERAL INSURANCE COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1970/006619/06
Share code: MAF ISIN No: ZAE000010823
(`Mutual & Federal`)
TRADING STATEMENT
In terms of the JSE Securities Exchange South Africa Listings Requirements, a
listed company is required to publish a trading statement as soon as it becomes
reasonably certain that the financial results for the period to be reported on
next will show a 20% or more difference from those of the previous corresponding
period.
Shareholders are advised that should the current underwriting performance and
the general investment market conditions continue until 31 December 2004, Mutual
& Federal is expecting that headline earnings per share will be 25% to 45% above
those reported for the previous corresponding period ended 31 December 2003.
The information in this trading statement has not been reviewed or reported on
by Mutual & Federal`s auditors.
The results for the year ended 31 December 2004 are expected to be published on
or about 9 February 2005.
Johannesburg
15 November 2004
Sponsor
Nedbank Capital
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