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CML
CML
CML - Coronation Fund Managers Limited - Capital Distribution
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/009318/06)
ISIN: ZAE000047353
Share code: CML
("Coronation" or "the Company")
CAPITAL DISTRIBUTION
1. INTRODUCTION
Further to the SENS announcement dated 14 November 2006 in which Coronation
declared its intention to make a capital distribution ("the distribution") of 53
cents per share on 18 December 2006, this notice sets out the financial effects
of the distribution.
2. FINANCIAL EFFECTS OF THE DISTRIBUTION
The directors of Coronation are responsible for the preparation of the financial
information below which has been included for the purposes of indicating the
effect of the distribution on Coronation`s earnings, headline earnings, net
asset value and net tangible asset value per share as illustrated below.
Measure Before the After the Change
(in cents per share) distribution distribution (%)
Basic earnings 51.9 50.4 (2.9)
Headline earnings 51.9 50.4 (2.9)
Diluted basic earnings 46.8 45.5 (2.9)
Diluted headline earnings 46.8 45.5 (2.9)
Net asset value 357.6 304.6 (14.8)
Net tangible asset value 46.4 (6.5) (114.2)
Notes
1. The amount in the "Before" column represents the basic, headline, fully
diluted basic and fully diluted headline earnings per share disclosed in the
financial results for the year ended 30 September 2006. The amounts in the
"After" column represent the basic, headline, fully diluted basic and fully
diluted headline earnings per share after the distribution on the assumption
that the distribution was effected on 1 October 2005.
2. The amounts in the "After" column represent the basic, headline, fully
diluted basic and fully diluted headline earnings per share after the
distribution on the assumption that interest will no longer accrue to Coronation
on the distribution consideration at 6.25% per annum before tax.
3. The amounts in the "Before" column represent the net asset value and net
tangible asset value per share as disclosed in the financial results for the
year ended 30 September 2006. The amounts in the "After" column represent the
net asset value and net tangible asset value per share based on the financial
results for the year ended 30 September 2006 adjusted for the distribution, had
it been effected on 1 October 2005.
Cape Town
18 December 2006
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 18/12/2006 08:30:01 Produced by the JSE SENS Department.
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