ROLFES HOLDINGS LIMITED - Trading Statement

Trading Statement

ROLFES HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("the Company")

TRADING STATEMENT

In compliance with section 3.4(b) of the JSE Listings Requirements,
the following trading statement is provided to the market regarding
the anticipated headline earnings per share ("HEPS") and earnings per
share ("EPS") for the year ended 30 June 2016.

Shareholders are referred to the ‘Operational Update and Trading
Statement’ published on SENS on 30 May 2016 wherein the Company advised
that it expected both EPS and HEPS for the year ending 30 June 2016
to be in excess of 25% higher than the year ended 30 June 2015. The
table below illustrates in further detail the expected EPS and HEPS
ranges anticipated against the comparative period:

                    Year ended          Year ended         %
                                                           increase
                    30 June 2016        30 June 2015
EPS
                    50.4 – 54.0 cents   36.5 cents         38%-48%
HEPS
                    51.6 – 55.4 cents   38.2 cents         35%-45%
Normalised
                    54.2 – 58.1 cents   38.2 cents         42%-52%
Headline
Earnings per
Share ("NHEPS")

Notes:

NHEPS comprises Headline Earnings per share adjusted for specific once
off costs.

Key performance drivers include the strong performance in the Food,
Industrial and Agricultural divisions.
The information in this trading statement has not been reviewed or
reported on by the Company’s auditors. The Company expects to publish
its audited financial results for the year ended 30 June 2016 on SENS
by close of business on 19 September 2016.


Johannesburg
22 August 2016



Sponsor: Grindrod Bank Limited

Date: 22/08/2016 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.