BRN BRT
BRT
Brimstone Investment Corporation Limited - Trading Statement
Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number: ZAE000015277 & Share Code: BRT
ISIN Number: ZAE000015285 & Share Code: BRN
("Brimstone" or the "Company")
Trading Statement
In terms of the JSE Limited ("the JSE") Listings Requirements, companies are
required to publish a trading statement as soon as they are reasonably certain
that the financial results for the current reporting period will be more than
20% different than that of the prior comparative period.
As the share prices of Old Mutual plc ("Old Mutual") and Nedbank Group Limited
("Nedbank") have increased over and above the 31 December 2005 year end spot
price of R17.95 for Brimstone"s Old Mutual interest and R100.00 for Brimstone"s
Nedbank interest which are accounted for as options by Brimstone, the value of
the respective options has increased by R104.3 million. This increased value of
the options will on its own lead to headline earnings per share and earnings per
share for the six months ended 30 June 2006 increasing by 32.8 cents and 32
cents respectively over those reported in the prior comparative period.
The results of the remaining Brimstone operations for the six months ended 30
June 2006 are not yet known with reasonable certainty and a further trading
update will be made as soon as there is reasonable certainty regarding this.
Shareholders are advised that the above information has not been reviewed or
reported on by the Company"s auditors and that the Company"s results for the six
months ended 30 June 2006 are expected to be published on 23 August 2006.
18 July 2006
Cape Town
Investment bank and sponsor
Nedbank Capital
Date: 18/07/2006 10:05:03 AM Produced by the JSE SENS Department
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