Trading statement


WBO - Wilson Bayly Holmes - Ovcon Ltd - Trading statement
Wilson Bayly Holmes - Ovcon Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO ISIN: ZAE000009932

Trading statement

Further to the trading statement released on Sens this morning the Directors advise that headline earnings per share included in the published results for the period ended 31 December 2010 had not been adjusted for the impairment of the loan to associate. The impairment of loan to associate was only adjusted for in the calculation of headline earnings per share included in the audited, published results at 30 June 2011.

However the headline earnings per share for the period ending 31 December 2010 was adjusted for the impairment of loans to associate when calculating the headline earnings per share for the period ended 31 December 2011, as detailed in this morning`s trading statement.

Had the adjustment not been made, headline earnings per share would have declined by 7.5% to 12,5% when compared to the comparative period. The forecast has not been reviewed or reported on by the company`s auditors. The release of the interim announcement of results for the six months ended 31 December 2011 is expected to be published on Monday, 20 February 2012.

By order of the board

Johannesburg
9 February 2012

Sponsor:
Investec Bank Limited
Date: 09/02/2012 12:05:02
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