Trading Statement

Marshall Monteagle Holdings Société Anonyme                  

                (Incorporated in Luxembourg. RC Number B19600)                 

                               ISIN LU0035797272                               

Registered Office:

58 rue Charles Martel,

L-2134, Luxembourg

 

                               TRADING STATEMENT                               

In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20%
different from that of the previous corresponding period.

Monteagle accordingly advises that it expects that headline earnings per share
for the financial year ended 30th September 2010 are likely to increase by
between 60% and 80% to those of the comparative period of last year, and
earnings per share for the financial year ended 30th September 2010 are likely
to increase by between 300% and 320% to those of the comparative period last
year.

Shareholders are advised that the above information has not been reviewed or
reported on by Monteagle's external auditors.

The preliminary announcement of the company's results for the year ended 30th
September 2010 is expected to be announced on or before 31st December 2010.

 

Luxembourg

24th December 2010

City Group P.L.C.

Group Secretaries