Reconciliation of headline earnings with net earnings

International Financial Reporting Standards Basis

Figures are in millions unless otherwise stated

    SOUTH AFRICAN RAND UNITED STATES DOLLARS
    December
2008
  September
2008
  December
2007
  December
2008
  September
2008
  December
2007
 
  Net earnings 483.1   39.2   1,938.0   54.2   5.2   281.1  
  (Profit)/loss on sale of investments (1.6)   0.9   (1,414.7)   (0.2)   0.1   (204.1)  
  Taxation effect on sale of investments -   -   -   -   (0.1)   -  
  Loss/(profit) on sale of assets 2.9   (1.9)   (1.9)   0.3   (0.2)   (0.4)  
  Taxation effect on sale of assets (0.3)   0.7   8.3   -   -   1.2  
  Impairment of assets/other -   -   (77.1)   0.3   -   (10.7)  
  Headline earnings 484.1   38.9   455.5   54.6   5.0   67.1  
  Headline earnings per share – cents 74   6   70   8   1   10  
  Based on headline earnings as given above divided by 653,341,082 for December 2008 (September 2008 – 653,241,161 and December 2007 – 652,412,191) being the weighted average number of ordinary shares in issue.