Trading Statement

PRESS CORPORATION LIMITED

TRADING UPDATE FOR THE TWELVE MONTHS ENDING 31 DECEMBER 2011

In compliance with the Listings Requirements of the Malawi Stock Exchange Limited (MSE), Press Corporation Limited announces that as a result of operational challenges faced in the fixed line telephone business and the impact of turnover tax on the Group's high-volume low-margin businesses, Group profit after tax for the twelve months ending 31st December 2011 could be significantly lower than the profit achieved in the twelve months ended 31st December 2010.

The Press Group's financial statements for the period ending 31st December 2011 have not as yet been reviewed by the Company's external auditors.

The Company's audited financial statements will be published in the first quarter of 2012.

C J EVANSCOMPANY SECRETARY