Trading update in respect of the twelve month period ended 30 June 2005
6 September 2005
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited (�the JSE�) 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.
The group results to June 2005 have been positively impacted by a strong performance from its ferrous metals and nickel divisions owing to increased volumes and high commodity prices as well as a considerably weaker exchange rate during May and June 2005. The ARM interest in Harmony Gold Mining Company Limited ceased to be equity accounted with effect from 30 November 2004.
In light of the above, ARM announces that it expects headline earnings per share for the twelve months ended 30 June 2005 to be between 165 and 180 cents per share ( June 2004 : headline earnings per share 37 per share ).
This trading statement has not been reviewed or reported on by ARM’s external auditors. The company’s year end results will be released on 12 September 2005.
Forward Looking Information Statements contained in this news release that are not historical facts are forward-looking statements that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although ARM and TEAL believe that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this press release. ARM and TEAL disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the common shares in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The common shares of TEAL Exploration & Mining Incorporated have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an application for exemption from the registration requirements of U.S. securities laws.
For more information please contact:
Executive Corporate Development
Office: +27(11) 779 1300
or: 082 570 5064
Office: +27 11 779 1478
or: +27(0)83 380 6614