19 March 2010
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 vary more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the period ended 31 December 2009 has indicated that a basic and headline loss per share is expected to be between 30% and 40% less than the reported basic and headline loss per share for the same period last year.
The decrease in the basic and headline loss per share is mainly attributable to the continued expenditure in progressing the core project of the Company.
The annual financial statements for the period ended 31 December 2009 are expected to be published and sent to shareholders by 31 March 2010.
This Trading Update has not been reviewed or reported on by Wesizwe’s External Auditors.
Investec Bank Limited