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Release Date: 18/09/2015 14:28:00      Code(s): RLF     
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("Rolfes" or "the Company")


In compliance with section 3.4(b) of the JSE Listings
Requirements, the following trading statement is provided to the
market regarding the anticipated earnings per share ("EPS") and
headline earnings per share ("HEPS") for the year ended 30 June

The Company is in the process of finalising its results for the
year ended 30 June 2015 and is reasonably certain that it will
report EPS of 36.5 cents per share, an increase of 35.2% in
comparison to EPS of 27.0 cents per share reported in respect
of the year ended 30 June 2014. The Company is reasonably certain
that it will report HEPS of 38.2 cents per share, an increase
of 5.5% in comparison to HEPS of 36.2 cents per share reported
in respect of the year ended 30 June 2014.

Shareholders are advised that the results for the year ended 30
June 2015 will include a restatement of comparative figures in
respect of the year ended 30 June 2014. This will result in
restated HEPS of 29.3 cents per share. EPS will remain unchanged.
The restatement is as a result of the reporting period ended 30
June 2014 where the group accounted for discontinued operations
resulting from the closure of its Resins business.

Following a review of the Annual Report by the JSE through its
Pro-Active Monitoring process and advice the JSE received from
the FRIP and shared with the Company, the Company decided to
restate the transaction and include the discontinued Resins
business as part of continued operations and headline earnings.
In addition, the loss incurred by the group on the accounting
of its loss on associate is now added back in calculating
headline earnings. The effect on headline earnings is reflected
Reconciliation of Headline Earnings

                                  Restated       Reported    Effect
                                      2014           2014
                                      '000           '000      '000
Attributable Earnings                29170          29170         -
Adjusted for after tax effects of:

Loss/Gain on disposal of plant and equipment
                                       2467          2467         -
Loss on Discontinued Operations
                                          -          7071     (7071)
Loss on Associate                         -           387      (387)

Headline Earnings                     31637         39095     (7458)

Earnings per share

     Basic                               27           27          0
     Headline                          29.3         36.2       (6.9)

The information in this trading statement has not been reviewed
or reported on by the Company?s auditors. The Company?s reviewed
financial results for the year ended 30 June 2015 are expected
to be published on SENS on 21 September 2015.

18 September 2015

Sponsor: Grindrod Bank Limited

Date: 18/09/2015 02:28:00 Supplied by www.sharenet.co.za                     
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