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

TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2011

Listed companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period will differ by at least 20% from those of the previous corresponding reporting period.

Shareholders in Trencor are advised that adjusted headline earnings per share (which excludes the effect of unrealised foreign exchange gains and losses arising on the translation of the net long-term receivables and related valuation adjustment) are expected to be between 25% and 35% higher than the 369,4 cents achieved in 2010. Basic earnings per share (332,5 cents in 2010) and headline earnings per share (335,5 cents in 2010) are expected to be between 65% and 75% higher for the year ended 31 December 2011.

This financial information has not been reviewed and reported on by Trencor’s independent auditors. The reviewed results in respect of the year ended 31 December 2011 are expected to be published in the second half of February 2012.

ON BEHALF OF THE BOARD

NI JOWELL CHAIRMAN

3 February 2012

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