ANCHOR GROUP LIMITED - Trading statement for the half year ended 30 July 2016

Trading statement for the half year ended 30 July 2016

ANCHOR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/005413/06)
(“Anchor” or “the Company”)
ISIN Code: ZAE000193389           JSE Code: ACG

              TRADING STATEMENT FOR THE HALF YEAR ENDED 30 JUNE 2016

In terms of the JSE Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported will differ by at least 20% from the
financial results for the previous corresponding period.

The table below shows the expectations for Earnings, Headline Earnings and Adjusted
Headline Earnings per share for the six months ended 30 June 2016.

Comparison against prior year:

                                                            Current        Prior
                                                          Half Year    Half Year          %
                                                               2016         2015     change
Earnings per share                                        35c – 36c         20.8    68 – 73
Headline Earnings per share                               32c – 34c         20.8    54 – 63
Adjusted Headline earnings per share                      33c – 35c         20.8    59 – 68
Weighted average number of shares in issue                    169.3        141.3

The results for the six months were influenced by:

1. a 34% increase in assets under management and advice (which included 14%
   organic growth in assets under management):
2. the inclusion of Capricorn Fund Managers (47.4% owned) for four months;
3. volatile investment markets;
4. a 5% strengthening of the Rand against the US$ for the six months (negative for
   offshore assets measured in Rands); and
5. a below budget return on Anchor Group balance sheet assets which were largely
   invested in the seeding of new funds.

Anchor’s results for the half year ended 30 June 2016 will be released on or about
17 August 2016. The financial information on which this trading statement is based has
not been reviewed or reported on by the Company’s auditors.

Johannesburg
12 July 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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