(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share code: HLM
ISIN: ZAE000096210
("Hulamin” or “the Company”)


Hulamin is currently finalising its results for the six months ended 30 June 2014 and these results are expected to be released on SENS on or about 28 July 2014.

In this regard, shareholders are advised that normalised earnings per share are likely to be approximately 40% higher than in the corresponding reporting period of the previous year whilst headline earnings per share and basic earnings per share are likely to be approximately 95% higher. The significantly larger increase in headline and basic earnings per share is due to the distortion caused by the accrual of severance costs at June 2013. These severance costs were excluded from the determination of normalised earnings at June 2013.

The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors.

11 July 2014

RAND MERCHANT BANK (A division of FirstRand Bank Limited)