A. TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited (“JSE Listings Requirements”), companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.
Shareholders are hereby advised that a reasonable degree of certainty exists that the earnings per share for the year ended 31 December 2012 is expected to be between 9 and 11 cents per share (2011: 66 cents). Headline earnings per share is expected to be between 1 and 3 cents per share (2011: Headline loss of 21 cents).
The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the year ended 31 December 2012 in due course.
B. CHANGES TO THE CHAIRMAN OF THE AUDIT COMMITTEE
In compliance with paragraph 3.59 of the JSE Listings Requirements, the board of directors of R&E hereby notifies its shareholders of the resignation of Mr. DC Kovarsky as the chairman of the audit committee. Mr. DC Kovarsky will remain a member of the audit committee. Shareholders are further advised that Mr. JH Scholes has been appointed as the chairman of the audit committee.
The effective date of the aforementioned changes is 14 March 2013.
15 March 2013