Press releases

Wits Gold award

MDM pre-close statement

17 October 2012

MDM Engineering Group Limited (“MDM” or “the Company”)

Following the end of the first half of MDM’s financial year; the six months period to 30 September 2012, the Company is pleased to give an update on trading and announces that the Company anticipates that results for the year will be ahead of current market expectations.

As indicated in the 2012 Annual Report, MDM will continue its growth path during the current financial year.  We continue to see new awards in both studies and projects been granted to the company.

These new awards, together with those studies and execution projects that have carried over from the previous financial year, have helped see the Company continue on its predicted growth path in the first half of 2012 following the profitable previous financial year. The Company therefore anticipates that its results for the 2012 financial year will be ahead of current market expectations. The Company intends to announce its interim results on 4 December 2012.

Martin Smith, MDM CEO commented:
“We are pleased to confirm that our growth path is on track and the measures we put in place subsequent to the global financial crisis in 2008 have paid off. MDM is on a strong footing notwithstanding the negative sentiment in Europe, and we continue to secure work in Africa with key clients. We are looking forward to producing another good set of results for the forthcoming financial year.”

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Canaccord Genuity Limited

John Prior / Sebastian Jones
Tel: +44 (0)20 7523 8350

Tavistock Communications Limited

Jos Simson / Emily Fenton
Tel: +44 (0)20 7920 3150

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