Fairvest Property Holdings Limited - Trading Statement
Fairvest Property Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1998/005011/06)
(`Fairvest`)
Share code: FVT ISIN: ZAE000034658
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Securities Exchange South
Africa, companies are required to publish a trading statement as soon as they
are satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported upon next will differ by at least 20% from
that of the previous corresponding period.
Fairvest will shortly be finalising its interim results in respect of the six
months ended 31 March 2005. Linked unit holders are advised that at this stage
it is anticipated that Fairvest`s headline earnings per linked unit as
calculated in terms of GAAP will be between 260% and 280% lower than that
reported for the corresponding period ended 31 March 2004.
The revised headline earnings per linked unit (which includes the fair value
adjustment to linked unit debentures) is anticipated to be between 160% and 180%
lower than that reflected from the corresponding period ended 31 March 2004.
Earnings per linked unit will reflect no change.
The final results on which this trading statement has been based have not been
reviewed or reported on by Fairvest`s auditors. The interim report to linked
unit holders will be released before the end of June 2005.
Sponsors
Imara Corporate Finance South Africa (Pty) Ltd
28 June 2005
Date: 28/06/2005 04:47:01 PM
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