Yomhlaba - Trading Statement
Yomhlaba Resources Limited
(previously Zenith Concessions Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1994/009012/06)
Share code: YBA ISIN: ZAE000060281
("Yomhlaba" or "the company")
TRADING STATEMENT IN RESPECT OF THE FINANCIAL YEAR ENDED 30 JUNE 2005
Further to the SENS announcement dated 17 February 2005, shareholders are
advised that Yomhlaba anticipates to report a loss for the financial year ended
30 June 2005, equivalent to a decrease of between 620% and 640% in earnings per
share ("EPS") and a decrease of between 360% and 380% in headline earnings per
share ("HEPS") when compared with the EPS and HEPS forecast in the revised
listing particulars contained in the circular to shareholders dated 25 October
2004. The main reasons for the expected decline in EPS and HEPS relate to the
summary and disputed termination of Yomhlaba"s only income-producing contracts,
which were communicated to shareholders in the SENS announcements dated 3 March,
4 March and 31 March 2005.
The information in this trading statement has not been reviewed or reported on
by Yomhlaba"s auditors.
Pretoria
2 December 2005
Designated Advisor
Sasfin Capital
(a division of Sasfin Bank Ltd)
Corporate Advisor
Radagast Capital (Pty) Ltd
Restructuring Advisor
Gandalf Trust
Warning: The listing of the ordinary shares in the Company is on the
Alternative Exchange ("AltX"). Investors are advised of the risks of investing
in a Company listed on AltX and that the JSE Limited ("JSE") does not guarantee
the viability or success of a Company listed on AltX. In terms of the JSE
Listings Requirements ("LR"), the Company is obliged to appoint and retain a
Designated Advisor ("DA"). The DA is required to, inter alia, attend all board
meetings held by the company, ensure that all the LR and applicable regulations
are complied with, approve the financial director of the Company and guide the
Company in a competent, professional and impartial manner. If the Company fails
to retain a DA, it must make arrangements to appoint a new DA within ten
business days, failing which the Company faces suspension of trading in its
securities. If a DA is not appointed within 30 days of its suspension, the
Company faces the termination of its listing without the prospect of an
appropriate offer to minority shareholders.
Date: 02/12/2005 02:43:09 PM Produced by the JSE SENS Department
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