Primedia business update
Primedia Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/003355/06)
Share code: PMA ISIN: ZAE000035119
Share code: PMN ISIN: ZAE000035127
("Primedia" or "the Company")
PRIMEDIA BUSINESS UPDATE
STATEMENT MADE BY CEO, WILLIAM KIRSH, AT THE GROUP"S AGM
The Primedia Group continues to benefit from its diversified but synergistic mix
of media businesses.
The Group has achieved turnover growth of 27% for the four months to 31 October
2005, being a combination of excellent organic and innovative growth, as well
benefiting from acquisitions concluded this year and during the course of the
last fiscal.
The Group"s advertising businesses continue to be buoyed by the broadcasting
businesses however; outstanding performances were also achieved by the Primedia
Out of Home and Commuter Media divisions.
The Group"s content businesses also experienced good turnover growth due to an
excellent performance by the lower margin electronic games division, Ster-
Kinekor Games, which offset the subdued performance of Ster-Kinekor Theatres,
which was, up until recently plagued by product supply problems which have now
been resolved.
The Group anticipates that these positive trends will continue for the
foreseeable future and expects similar turnover growth rates for the six months
ended
31 December 2005.
The Group intends to publish its interim results at the end of February 2006.
24 November 2005
Sandton
Sponsor; Investec Bank Limited
Brunswick 011 268 5750
Rob Pinker 083 326 7794
Di Munro 083 326 5958
Date: 25/11/2005 08:00:06 AM Produced by the JSE SENS Department
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