CALGRO M3 HOLDINGS LIMITED - Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2019

Unaudited Condensed Consolidated Interim Results
for the six months ended 31 August 2019

Calgro M3 Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/027663/06)
Share code: CGR
ISIN: ZAE000109203
("Calgro M3" or "the Company" or "the Group")

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 31 AUGUST 2019

Revenue decreased by 17.2% to R520.8 million
(August 2018: R628.6 million)

Headline earnings decreased by 202.5% to a headline loss of R4.1 million
(August 2018: R4.0 million profit)

Headline earnings per share decreased by 204.2% to a loss of 3.24 cents
(August 2018: 3.11 cents profit)

Earnings per share decreased by 106.1% to a loss of 1.46 cents
(August 2018: 23.78 cents profit)


Net asset value decreased marginally over the period by 0.3% to R804.1 million
from R806.6 million at 28 February 2019

No dividend has been declared for the six months ended 31 August 2019
(August 2018: Nil)

Calgro M3 reported its interim results for the six months ended 31 August 2019. The
Group's intense focus on cash flow generation and cash preservation during the period
under review paid off, with net cash generated from operating activities increasing to
R375.5 million. During these difficult economic times, the cash flow was stabilised to
ensure sustainability of the Group and to mitigate risks associated with unplanned delays
and stoppages on major projects. As a result, both the Statement of Financial Position and
Statement of Cash Flows reflect a solid position.

Regulatory requirements
The contents of the short form announcement are the responsibility of the Board of Directors
of Calgro M3. The information in the short form announcement is a summary of the full
announcement available on the Company's website https://www.calgrom3.com/images/pdfs/
Financial_Results/Calgro-M3-interim-results-2019 on 21 October 2019 and accordingly
does not contain full or complete details. The full announcement can also be accessed
online at https://senspdf.jse.co.za/documents/2019/JSE/ISSE/CGRE/Interims19.pdf.

The information in this announcement has been extracted from the Unaudited Condensed
Consolidated Interim Financial Results, which has not been reviewed nor audited by the
Company's auditor. The Unaudited Condensed Consolidated Interim Financial Results were
internally compiled by P Perumalswami CA(SA) and M Esterhuizen CA(SA) under the
supervision of WA Joubert CA(SA), the Group Financial Director.

Any investment decisions by shareholders/investors should be based on the full announcement
as released by the JSE and published on the Company's website, www.calgrom3.com. The
full announcement is also available at the Company's registered office (for inspection, at no
charge, during office hours on any business day) and at the offices of the sponsor, Grindrod
Bank Limited, from 21 October 2019 to 28 October 2019, both days inclusive. Copies of the
full announcement may be requested by contacting I April on telephone: +27(0)11 300 7500
or email: info@calgrom3.com.

For and on behalf of the Board

PF Radebe
Chairperson

WJ Lategan
Chief Executive Officer

Sandton
21 October 2019

Directors
PF Radebe (Chairperson)*#
WJ Lategan (Chief Executive Officer)
WA Joubert (Financial Director)
MN Nkuhlu
W Williams
GS Hauptfleisch*#
H Ntene*#
ME Gama*#
RB Patmore*#
* Non-executive
# Independent

Registered office
Calgro M3 Building, Ballywoods Office Park
33 Ballyclare Drive, Bryanston, 2196
(Private Bag X33, Craighall, 2024)

Transfer secretaries
Computershare Investor Services (Pty) Ltd
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196
(PO Box 61051, Marshalltown, 2107)

Sponsor
Grindrod Bank Limited

Company secretary
I April

Auditors
PricewaterhouseCoopers Inc.

www.calgrom3.com

Date: 21/10/2019 07:05:00
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