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Montauk Holdings Limited - Trading Statement

Release Date: 24/10/2016 08:35:00      Code(s): MNK     
MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNK & ISIN: ZAE000197455)
("MNK" or "the company")

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements,
companies are required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current reporting
period will be more than 20% different than that of the previous
corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists
that for the six months ended 30 September 2016, the Company will report
basic earnings per share of between 4.70 and 4.25 US cents, being between an
increase of 5,5% and a decrease of 4,5% as compared to the restated prior
comparative period basic earnings per share of 4.45 US cents. Headline
earnings per share is expected to be between 4.67 and 4.41 US cents, being an
improvement of between 278,3% and 268,3%, as compared to the restated prior
comparative period headline earnings per share of (2.62) US cents.

Basic earnings per share in the prior comparative period included once-off
proceeds of $9.9 million in respect of the disposal of retired emission
reduction credits (?ERCs?).

The above information has not been reviewed or reported on by the Company`s
auditors. The Company`s results are expected to be published on or about 28
October 2016.

Cape Town
24 October 2016
Sponsor:
Investec Bank Limited

Date: 24/10/2016 08:35:00 Supplied by www.sharenet.co.za                     
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