Trading Statement
14 July, 2014
Anglo American Platinum Limited is currently finalising its results for the six months ended 30 June 2014 (“the period”), which will be released on SENS on 21 July 2014.
Headline earnings per share (“HEPS”) for the period is expected to decrease to between 20 cents and 80 cents from 514 cents reported for the six months ended 30 June 2013 (“the comparative period”).
Basic earnings per share (“EPS”) for the period is expected to decrease to between 130 cents and 180 cents from 468 cents for the comparative period. Basic earnings for the period include a gain of R243 million (equivalent to 93 cents per share) arising on the final phase of the refinancing transaction with Atlatsa Resources Corporation.
The decrease in HEPS and EPS is primarily due to the impact of the five month industrial action which impacted on operational performance.
The financial information on which this trading statement is based has not been reviewed and reported on by Anglo American Platinum Limited’s external auditors.