13 February 2007
In respect of the six month period ended 31 December 2006
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 ARM group results for the six months to December 2006 have been positively impacted by a much higher contribution from its platinum, nickel and ferrous operations. Strong PGM prices, an increase in PGM ounces produced and the significant increase in nickel prices during the period have impacted positively on the ARM operating results. Our ferrous division has benefited from strong performances in its iron ore and manganese businesses.
In light of the above, ARM announces that it expects headline earnings per share to increase for the six months ended 31 December 2006 to between 251 and 277 cents per share (December 2005 : 64 cents per share). Basic earnings per share for the same period are expected to be between 256 and 283 cents per share (December 2005 : 121 cents per share).
This trading statement has not been reviewed or reported on by ARM’s external auditors.
The Company’s Interim Results will be released on Tuesday 20 February 2007.
For more information please contact:
African Rainbow Minerals, www.arm.co.za
Executive Director: Investor relations and new business development
Tel: +27 11 779 1476
Cel: +27 82 570 5064
Tel: +27 11 779 1478
Cel: +27 83 380 6614