Last checked at 6 Dec 2006 15:34
AECI LIMITED
("AECI" or "the Company")
(Incorporated in the Republic of South Africa)
Registration No. 1924/002590/06
Share code: AFE ISIN code: ZAE00000020
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company must publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20 per cent from that of the previous corresponding period.
AECI expects that for the year ending 31 December 2006, headline and attributable earnings per ordinary share will be between 810 and 880 cents per share (that is, 68 to 83 per cent higher than in 2005).
The major reasons for the expected increase in earnings are the disposal of 61 hectares of industrial land at Milnerton in the Western Cape for R260 million as reported in the first half year; a strong trading performance by Chemical Services; and the previously announced arrangement entered into with the AECI Pension Fund which is estimated to add some 200 cents per share to earnings in the 2006 financial year.
The information in this trading statement has not been reviewed and reported on by the auditors of the Company.
The results for the year ending 31 December 2006 will be published on 20 February 2007.
Sandton6 December 2006Sponsor
JP MORGAN EQUITIES LIMITED
AECI LTD