In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists that the earnings per share of R&E for the financial year ended 31 December 2010 will be between 980 and 988 cents per share greater than the audited earnings per share of 48 cents per share for the previous financial year ended 31 December 2009.
Furthermore, a reasonable degree of certainty exists that the headline earnings per share for the financial year ended 31 December 2010 will be between 999 and 1007 cents per share greater than the audited headline earnings per share of 48 cents per share for the previous financial year ended 31 December 2009.
Key elements of the increased revenue relate to the receipts of settlement Gold Fields Limited shares and JCI Limited (“JCI”) shares from JCI in terms of a settlement concluded between R&E, JCI and JCI Investment Finance (Pty) Limited, as well as the litigation settlement agreement.
The financial information on which this trading statement is based has not yet been reviewed and reported on by the Company’s auditors. The results for the financial year ended 31 December 2010 are expected to be published on or about Wednesday, 9 March 2011.
Johannesburg
4 March 2011
Sponsor
PSG Capital (Pty) Limited