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
    March
2009
  December
2008
  March
2008
  March
2009
  December
2008
  March
2008
 
  Net earnings 1,306.6   483.1   1,248.0   140.4   54.2   166.8  
  (Profit)/loss on sale of investments 213.6   (1.6)   -   23.3   (0.2)   -  
  Loss/(profit) on sale of assets (11.0)   2.9   (3.2)   (1.2)   0.3   (0.3)  
  Taxation effect on sale of assets 2.4   (0.3)   0.9   0.3   -   0.1  
  Impairment of assets/other -   -   -   -   0.3   -  
  Other exceptional items -   -   -   (0.3)   -   8.9  
  Headline earnings 1,511.6   484.1   1,245.7   162.5   54.6   175.5  
  Headline earnings per share – cents 225   74   191   24   8   27  
  Based on headline earnings as given above divided by 669,602,482 for March 2009 (December 2008 – 653,341,082 and March 2008 – 652,691,549) being the weighted average number of ordinary shares in issue.