WINHOLD LIMITED - Trading Statement

Trading Statement

WINHOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1945/019679/06)
Share Code: WNH         ISIN: ZAE000033916
(“Winhold” or “the company”)


TRADING STATEMENT


Winhold is in the process of completing the preparation of its results for the year ended
30 September 2016.

In terms of the Listings Requirements of the Johannesburg Stock Exchange, a company is required
to advise shareholders when it is reasonably certain that its results will differ by more than 20%
over the corresponding reporting period. Accordingly a review by management indicates that for the
year ended 30 September 2016:

    -   headline earnings per share are expected to be between 12 and 14 cents per share (2015:
        22.0 cents), a decrease of between 54 and 63%; and
    -   earnings per share are expected to be between 12.5 and 14.0 cents per share (2015: 21.8
        cents), a decrease of between 57.3 and 64.2.0%.

Despite these poor results, the balance sheet remains strong, a turnaround strategy has been
implemented, and a much improved 2017 is expected. Full details will be provided in the results
announcement expected to be published on or about 24 November 2016.

Shareholders are advised that the financial information on which this trading statement is based has
not been reviewed or reported on by the Group’s external auditors.

By order of the board.

Germiston
18 November 2016


Sponsor
Arbor Capital Sponsors Proprietary Limited

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