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ROYAL BAFOKENG PLATINUM LIMITED - Trading statement and production update for the six months ended 30 June 2020

Release Date: 30/07/2020 08:30
Code(s): RBP RBPCB     PDF:  
Wrap Text
Trading statement and production update for the six months ended 30 June 2020

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
JSE bond code: RBPCB ISIN: ZAE000243853
("RBPlat" or the "Company")


Trading statement and production update for the six months ended 30 June 2020

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required
to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon next will differ by at least 20% from those
of the previous corresponding period and can with a reasonable degree of certainty provide an
estimated range with a maximum variance of 20%.

RBPlat is in the process of finalising its financial results for the six months ended 30 June 2020 (“the
period”). Despite the BRPM and Styldrift operations delivering a strong performance, the impact of
the COVID-19 pandemic resulted in a year-on-year decrease in 4E and platinum ounce production
of 13.0% and 12.8% respectively. The managed shutdown and subsequent ramp up of our
operations as a result of the national lockdown resulted in an effective loss of approximately 45 days
of production.

During the first half of 2020 our earnings were positively impacted by significant improvements in
the platinum group metals (PGM) market conditions and a weaker South African Rand.

As a result, the Company advises security holders that it anticipates basic earnings per share
("EPS") for the period of between 330.0 cents and 344.0 cents, compared to a loss per share of
70.8 cents for the six months ended 30 June 2019 (“previous corresponding period”). A headline
earnings per share (“HEPS”) of between 327.3 cents and 341.3 cents is expected, compared to a
headline loss per share of 70.8 cents for the previous corresponding period.

The information set out in this announcement has not yet been reviewed and reported on by the
Company's external auditors.

RBPlat expects to release its results for the period on or about 4 August 2020.



Johannesburg
30 July 2020


JSE Sponsor
Merrill Lynch South Africa Proprietary Limited

For further information, please contact:
Lindiwe Montshiwagae
Executive: Investor Relations and Corporate Communications
Tel: +27 (0)10 590 4510
Email: lindiwe@bafokengplatinum.co.za

Date: 30-07-2020 08:30:00
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