Shareholders are advised that the company is in the process of finalising its results for the year ended 28 February 2010 and advises that the loss for this period is expected to be in excess R10 million, compared to a profit for the comparative period of R1.5 million. At this stage, the company is unable to quantify, with any degree of certainty, the expected basic and headline earnings per share for the year ended 28 February 2010 and expects to release a further announcement containing such detail in due course. The expected loss results from delays in tender adjudication, delays in receipt of export permits and poor implementation of optics related orders. The latter two causes have subsequently been rectified however the first remains a problem. The financial information on which this trading statement is based has not been reviewed or reported on by the company’s auditors.

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