Trading statement

20 August 2009

In terms of paragraph 3.4(b) 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 period to be reported on next will differ by at least 20% from those of the previous corresponding period.

In comparison to the corresponding year to 30 June 2008 the ARM financial results for the year to 30 June 2009 have been impacted by:

  • US Dollar commodity price decreases as a results of the global economic recession;
  • Sales volume decreases in all commodities, except iron ore and PGMs;
  • Increased expenditure and restructuring costs at TEAL; and
  • Fluctuations in exchange rates; which include a strengthening of the Rand against the US Dollar during the last two months of the financial year

Accordingly, ARM announces that it expects headline earnings per share to decrease for the year ended 30 June 2009 to between 1 025 and 1 150 cents per share (F2008: 1906 cents per share). Basic earnings per share are expected to be higher than headline earnings, mainly due to a large exceptional gain recognized on the TEAL restructuring transaction with Vale, and will be in the range of 1 275 and 1 430 cents per share (F2008: 2 131 cents per share).

The financial information on which this trading statement is based has not been reviewed or reported on by the external auditors of ARM.

The company’s full year results will be released on Monday 31 August 2009.

For more information please contact:

Monique Swartz
Corporate Development & Head of Investor Relations
Office: +27 11 779 1507
Mobile: +27(0) 83 411 2881

Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited