Aeci 5 1/2% Prf Regulatory News (87FZ)

12 Jun 2006 10:14

AECI LIMITED("AECI" or "the Company")(Incorporated in the Republic of South Africa)Registration No. 1924/002590/06Share code: AFEISIN code: ZAE00000020TRADING STATEMENTIn terms of the Listings Requirements of the JSE Limited, a listed company mustpublish a trading statement as soon as it is satisfied that a reasonable degreeof certainty exists that the financial results for the period to be reportedupon next will differ by at least 20 per cent from that of the previouscorresponding period.AECI expects that for the half year ending 30 June 2006, headline andattributable earnings per ordinary share will be between 365 and 400 cents pershare (that is, 88 to 106 per cent higher than in the first half of 2005).The reason for the expected increase in earnings is the conclusion of anunconditional agreement by the Company to dispose of 61 hectares of industrialland at Milnerton in the Western Cape for R260 million, thereby realising asubstantial gain on disposal. The disposal will be recognized in the financialstatements of the Company when guarantees covering the full purchase price arereceived, which is expected to be before the conclusion of the interimreporting period.The information in this trading statement has not been reviewed and reported onby the auditors of the Company.The results for the half year ending 30 June 2006 will be published on 25 July2006.Sandton12 June 2006SponsorJ.P. MORGAN EQUITIES LIMITEDENDAECI LTD