Anglo Platinum advises shareholders that earnings for the year ended 31 December 2005 are expected to be higher than earnings for the year ended 31 December 2004, which were restated following the adoption of IFRS 2 – Share Based Payments, as follows:
Headline earnings per ordinary share are expected to be between 60% and 65% higher than the restated headline earnings per ordinary share of 1 120,6 cents.
Earnings per ordinary share are expected to be between 77% and 82% higher than the restated earnings per ordinary share of 1 077,8 cents.
The expected increases are primarily as a result of higher Rand prices of metals sold. The increase in earnings per share is greater than the increase in headline earnings per share primarily as a result of gains of a capital nature associated with the Mototolo, Marikana and Elandsfontein transactions concluded during 2005.
This trading statement is issued in compliance with the revised Listings Requirements (Section 3.4 (b)) of the JSE Limited, which became effective on 1 December 2004. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors.
Anglo Platinum intends publishing its annual results on 13 February 2006.
For further information please contact
Trevor Raymond
011 373 6462
082 654 8467