ROLFES HOLDINGS LIMITED - Trading Update

Trading Update

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


TRADING UPDATE

In terms of para 3.4 (b) of the JSE Listings Requirements, listed companies
are required to publish a trading statement as soon as the board of directors
is satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will vary by 20% or more when
compared to those of the prior reporting period.

The focus for 2018 was addressing strategic legacy issues in order to
reposition the group for growth. The 2018 results were negatively impacted by
impairments, non-recurring items and the need to restructure certain business
units and the relevant management teams. Accordingly, normalised results from
continuing operations are again presented in addition to the usual metrics.

Shareholders are advised that for the year ended 30 June 2018 the following,
basic and diluted, earnings per shares are expected:

                       30-06-2018          30-06-2017
                        EXPECTED             AUDITED         VARIANCE

Earnings
per share (“EPS”)       0.5 to 1.5c              7.1c       -79% to -93%

Headline earnings
Per share (“HEPS”)      11.2 to 13.2c        20.6c          -36% to -46%

Continuing
HEPS                    11.6 to 13.6c        41.0c          -67% to -72%

Normalised
Continuing HEPS         32.2 to 36.2c        50.5c          -28% to -36%


RELEASE OF RESULTS

The Group’s consolidated financial results for the year ended 30 June 2018
and dividend declaration data will be released on SENS on 17 September 2018.

The financial information on which this trading statement is based has not
been reviewed or reported on by the Group’s auditors.



Johannesburg
14 September 2018

Sponsor: Grindrod Bank Limited

Date: 14/09/2018 09:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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