Anglo American Platinum Limited is currently finalising its results for the year ended 31
December 2013 (“the period”), which will be released on SENS on 3 February 2014.
Headline earnings per share (“HEPS”) for the period is expected to increase to a profit of
between 480 cents and 590 cents from a loss of 562 cents reported for the year ended 31
December 2012 (“the comparative period”). The increase in HEPS is primarily due to higher
sales volumes and a favourable Rand/US dollar exchange rate. This was partially off-set by
weaker US dollar metals prices and one-off restructuring costs amounting to R1,457 million
(after-tax R1,049 million, equivalent to 402 cents per share) and a higher effective tax rate
resulting from an additional provision for tax in respect of prior years.
Basic earnings per share (“EPS”) for the period is expected to improve to a loss of between 495
cents and 605 cents from a loss of 2,558 cents for the comparative period. Basic earnings for
the period include one-off items including a R2,814 million (after-tax R2,026 million, equivalent
to 776 cents per share) write down in the carrying value of various projects and other assets as
a result of the implementation of the restructuring plans; and the loss on the acquisition of
properties amounting to R833 million related to the Atlatsa Resources Corporation (Atlatsa)
refinancing transaction. There was no tax impact arising on the loss on acquisition of properties.
The financial information on which this trading statement is based has not been reviewed and
reported on by Anglo American Platinum Limited’s external auditors.
22 January 2014
