Trading Update 10 Apr 2008
In terms of the Listings Requirements of JSE Limited, 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 will differ by more than 20% from that of the previous
corresponding period. Accordingly, a review of the financial results for the six months ended
31 March 2008 by management has indicated that basic earnings per share and basic headline
earnings per share are expected to be between 55% and 75% higher than those in the previous
corresponding period. The financial information on which this trading statement is based has not been reviewed or reported on by RACEC`s auditors. RACEC`s interim financial results are expected to be released on SENS on or about 31 May 2008.
Johannesburg
10 April 2008
Designated Adviser
Merchant Sponsors (Proprietary) Limited
Date: 10/04/2008 15:02:57 Produced by the JSE SENS Department.
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