SENS Note - 29 October 2008

Infrasors interim results August 08

Turnover for the period under review increased by R9.4 million, or 7.4%, to R136.5 million (R127.1 million). EBITDA decreased to R35.8 million (R44.2 million). Net profit attributable to ordinary shareholders declined to R25.1 million (R32.3 million) and headline earnings per share fell to 14.2cps (23.2cps).

Dividend

No interim dividend has been declared.

Prospects

Infrasors anticipates earnings and profits in the second half of F2009 to remain positive and in line with the first half performance given stable market conditions. However, the anticipated downturn in the South African economy and global financial instability may result in a slowdown in demand by Infrasors' key clients in industry and construction. Such circumstances would have a knock-on effect impacting on production demand and off take at Infrasors' mines. In the long term Infrasors is well placed to grow its revenue and profits as capital expenditure projects designed to expand production and reduce unit costs per ton mined and beneficiated at Lyttelton and Delf are implemented and Pienaarspoort is brought into production.