Shareholders are advised that Implats’ basic headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2012 are expected to be between 120 and 138 cents which is between 76% and 79% lower than that of the six months ended 31 December 2011 (HEPS of 573 cents; EPS of 575 cents).


 


The expected decrease in the HEPS and EPS is due to a decrease in mine-to-market throughput, above inflation cost increases and the impairment of long-term receivables of R603 million.


 


Excluding the impairment of long-term receivables of R603 million HEPS and EPS would have been expected to be between 219 and 237 cents which is between 59% and 62% lower than that of the six months ended 31 December 2011.


 


The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of Implats.


 


The Company’s six months financial results for the period ended 31 December 2012 will be released on 14 February 2013.


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