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2014 News

Revised trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")

REVISED TRADING STATEMENT


Further to the Trading Statement published on the Stock Exchange News Service ("SENS") on 11 February 2014, shareholders are advised that earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ended 31 December 2013 are now expected to be within the ranges set out below:

 

Year ended 
31 December
2013
Expected

Year ended
31 December
2012
Actual

Adjusted HEPS (which excludes, inter alia, net unrealised foreign exchange gains on translation of long-term receivables)

620 – 640

546,1

HEPS

775 – 800

559,6

Basic EPS

775 – 800

579,9

Year-end rate of exchange: SA rand to US dollar

10,46

8,48

Average rate of exchange for the year

9,67

8,16

The results of Textainer Group Holdings (NYSE: TGH), in which Trencor has a 48,3%
beneficiary interest, can be accessed on its website www.textainer.com. The financial information on which this trading statement is based has not been reviewed and reported on by Trencor's independent auditors. The reviewed results in respect of the year ended 31 December 2013 are expected to be published on SENS on or about 26 February 2014.

ON BEHALF OF THE BOARD NI JOWELL Chairman

21 February 2014

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

 

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About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide, and related finance activities. Trencor has a beneficiary interest in Textainer.

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