YORK TIMBER HOLDINGS LIMITED - Trading Statement

Trading Statement

York Timber Holdings Limited
Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
("York" or “the Company”)

TRADING STATEMENT

York is in the process of finalising its results for the year
ended 30 June 2013 for release prior to 30 September 2013.

In terms of paragraph 3.4(b) of the Listings Requirements of the
JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain of the
financial results for the period to be reported on.

Operating profit for the year ended 30 June 2013 is expected to
be less than 5% lower than reported in the comparative period.
This is due to lower market demand and consequently less lumber
volumes sold than in the prior period.

As a result of the Group’s continued strategy to procure third
party saw logs while preserving its own plantations, and
increased stock at year-end in preparation for seasonal sales
during the first two quarters, net cash flow from operating
activities is expected to be between 60% and 65% lower than that
reported in the comparative period.      The cash balance at the
year-end was 9.8% higher than the comparative period.

Shareholders are advised that:

-   earnings per share (“EPS”) for the year ended 30 June 2013 are
    expected to be between 19% and 24% lower than those reported
    in the comparative period as a result of a lower fair value
    adjustment than in the prior period and lower gross profit due
    to the lower market demand. EPS of 32 to 34 cents are expected
    (year ended 30 June 2012: 42 cents per share); and
-   headline earnings per share (“HEPS”) for the year ended 30
    June 2013 are expected to be between 19% and 24% lower than
    those reported in the comparative period. HEPS of 32 to 34
    cents are expected (year ended 30 June 2012: 42 cents per
    share).

Shareholders are advised that the information included in this
announcement has not been reviewed or reported on by the
Company’s auditors.

Sabie, Mpumalanga
06 September 2013

Sponsor
One Capital

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