Mutual & Federal - Trading update
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` or `the company`)
TRADING UPDATE
Shareholders are referred to the trading statement which was published on SENS
on 15 November 2004. In this statement shareholders were advised that should the
prevailing underwriting performance and the general investment market conditions
continue until 31 December 2004, the company expected that headline earnings per
share would be 25% to 45% above those reported for the prior corresponding
period, being 31 December 2003.
Following a substantial increase in the value of listed equities towards the end
of the financial year, the company now expects that the headline earnings for
2004 will be 60% to 75% higher than those of the prior corresponding period.
The information in this trading update 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
25 January 2005
Sponsor
Nedbank Capital
Date: 24/01/2005 05:05:22 PM
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