ARM - Trading update in respect of the twelve mont
ARM - Trading update in respect of the twelve month period ended 30 June 2005
African Rainbow Minerals Limited
(Formerly Anglovaal Mining Limited (`Avmin`))
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI LSE Share code: AGM
ISIN: ZAE000054045
(`ARM` or the `Company`)
ARM - TRADING UPDATE - in respect of the twelve month period ended 30 June 2005
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Securities
Exchange South Africa (`the JSE`) a listed company is required to publish a
trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported on
next will differ by at least 20% from those of the previous corresponding
period.
The group results to June 2005 have been positively impacted by a strong
performance from its ferrous metals and nickel divisions owing to increased
volumes and high commodity prices. ARM refers shareholders to the trading update
released by Assmang Limited on 20 May 2005. Furthermore, the ARM interest in
Harmony Gold Mining Company Limited ceased to be equity accounted with effect
from 30 November 2004 resulting in the group results for the second half of the
financial year not being affected by the results at Harmony.
In light of the above, ARM announces that it expects headline earnings per share
for the twelve months ended 30 June 2005 to be between 90 and 110 cents per
share (June 2004: headline earnings per share 37 cents).
This trading statement has not been reviewed or reported on by ARM`s external
auditors. The company`s year-end results are expected to be released during
September 2005.
By order of the board
May 20, 2005
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
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