Mercantile - Trading Statement
Mercantile Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000164/06)
Share code: MTL ISIN: ZAE000064721
(`Mercantile` or `the company`)
TRADING STATEMENT
This trading statement is issued in compliance with the Listings Requirements
(section 3.4(b)) of the JSE Securities Exchange South Africa.
Mercantile`s earnings per share and headline earnings per share for the six
months ending 30 June 2005 are expected to improve by between 118% and 128% from
the loss per share and headline loss per share reported for the corresponding
period, being the six months ended 30 June 2004. This improvement in earnings
per share and headline earnings per share is largely attributable to the
increase in funds profit generated by the recapitalisation process in terms of a
rights offer, which was completed in September 2004, and the exceptional results
achieved in the recovery of debts previously written-off.
The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
The results for the six months ending 30 June 2005 are expected to be published
during the first week of August 2005.
Johannesburg
29 April 2005
Sponsor: Bridge Capital Services (Pty) Limited
Date: 29/04/2005 03:34:21 PM
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