Trading statement19 June 2008
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE ISIN No. ZAE000000220
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% from that of the previous corresponding period.
AECI expects that for the half-year ending 30 June 2008, headline and attributable earnings per ordinary share will be between 295 and 325 cents per share. This is 25% to 35% higher than the 242 (restated) and 236 cents per share respectively reported in the first half of 2007.
The major reasons for the expected increase in earnings are the strong trading performance by Chemical Services Limited; and strong growth in AEL’s South African surface business and its African operations.
The information in this trading statement has not been reviewed and reported on by the auditors of the Company.
The results for the half-year ending 30 June 2008 will be published on 29 July 2008.
19 June 2008
RAND MERCHANT BANK (A division of FirstRand Bank Limited
Date: 19/06/2008 09:00:00 Produced by the JSE SENS Department.