FSP
FSP
FSP - Freestone Property Holdings Limited - Trading Statement
Freestone Property Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2001/011887/06)
Share code: FSP ISIN: ZAE000060299
("Freestone" or "the company")
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited ("JSE Listings
Requirements"), property entities are required to publish a trading statement as
soon as they become aware that the distribution for the period to be reported
upon next would differ by at least 15% from the distribution for the previous
corresponding period.
Freestone accordingly advises that distributable earnings per linked unit for
the six month period ended 31 December 2006 are expected to be between 20% and
22% higher than the previous interim period.
Freestone anticipates growth in distributions for the full year ending 30 June
2007. However, the increase in distributions for the full year is not expected
to be as high as that achieved in the interim period.
As previously advised, unitholders will shortly be requested to consider a
scheme of arrangement which, if approved, will result in Emira Property Fund
acquiring all the Freestone linked units in issue from unitholders. A circular
detailing the transaction is currently being prepared and will be issued to
linked unitholders in due course.
The financial results on which this trading statement is based have not been
reviewed or reported on by Freestone`s auditors. The interim financial results
announcement will be published on or about the 14 February 2007.
Rosebank
8 February 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 08/02/2007 08:00:01 Produced by the JSE SENS Department.
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