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Montauk Holdings Limited - Trading Statement

Release Date: 28/04/2017 15:00:00      Code(s): MNK     
MONTAUK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/017811/06)
(Share code: MNKI & 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 year ended 31 March 2017, the Company will report basic earnings
per share of between 31.13 and 30.79 US cents, as compared to the prior year
basic earnings per share of 1.72 US cents. Headline earnings per share is
expected to be between 32.29 and 31.56 US cents, as compared to the prior year
headline earnings per share of (3.64) US cents.

Basic and headline earnings per share in the current year includes a deferred
tax income item in the amount of US$26.8 million that was recorded as a result
of the recognition of a deferred tax asset of the same amount. The deferred tax
asset relates to the Group?s net operating losses that may be utilised for set-
off against future taxable income. Excluding the recognition of this deferred
tax asset, the Company would have reported basic earnings per share of between
11.41 and 11.06 US cents, as compared to the prior year basic earnings per share
of 1.72 US cents. Headline earnings per share reported would have been between
12.60 and 11.87 US cents, as compared to the prior year headline earnings per
share of (3.64) US cents.

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 5 May
2017.

Cape Town
28 April 2017

Sponsor:
Investec Bank Limited

Date: 28/04/2017 03:00:00 Supplied by www.sharenet.co.za                     
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