ISB

ISB                                                                            

ISB - Insimbi Refractory and Alloy Supplies Limited - Trading statement        

Insimbi Refractory and Alloy Supplies Limited                                  

(Registration number 2002/029821/06)                                           

JSE share code:  ISB                                                           

ISIN Number:  ZAE000116828                                                     

("Insimbi" or "the company")                                                   

TRADING STATEMENT                                                              

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE          

Limited, the Board of Insimbi hereby announces that the Group`s results for    

the 12 month period ending February 2012, being earnings and headline          

earnings per share, are expected to be at least 20% higher in comparison to    

the prior comparative period.  This improvement can be attributed to the       

improved local and regional economy and an increased demand for the            

company`s products.                                                            

The financial information on which this trading statement is based has not     

been reviewed or reported on by the Group`s auditors.                          

Johannesburg                                                                   

19 January 2012                                                                

Sponsor: Bridge Capital Advisors (Pty) Limited                                 

Date: 19/01/2012 15:52:02 Produced by the JSE SENS Department.                 

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