Angloplat earnings seen 20pct higher

[] — Anglo Platinum, the world’s largest producer of platinum, on Monday advised that its first half basic earnings per share and headline earnings per share were expected to increase by at least 20%.

The company reported basic earnings per share of 1 144 cents and headline
earnings per share of 169 cents for the half-year to end June 2009.

“This is despite the increase in number of shares in issue following the rights
offer,” Anglo Platinum said.

It said the expected increase in earnings is primarily as a result of the higher Rand
prices achieved on metals sold.

In addition, it said basic earnings would be impacted by the profit on the disposal of the group’s 37% interest in the Western Bushveld joint venture to Wesizwe Platinum.

Anglo Platinum intends publishing its interim results on July 26.

At 15:09 shares in Anglo Platinum were R2.15 firmer at R750 on the JSE.