TRENCOR LIMITED - Further trading statement

Further trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

FURTHER TRADING STATEMENT

Shareholders are referred to the Trading Statement published on the Stock Exchange News
Service on 3 October 2016 wherein it was advised that Trencor’s (loss)/earnings per share,
headline (loss)/earnings per share and adjusted headline (loss)/earnings per share for the six
months ended 30 June 2016 were expected to be within the ranges set out below:
                                                       2016              2015            2015
                                                    30 June          30 June*     31 December
                                                   Expected            Actual          Actual
                                                        cps               cps             cps
Headline (loss)/earnings per share            (206) - (227)               278             513
Adjusted headline (loss)/earnings
per share (which excludes net
unrealised foreign exchange
losses/gains on translation of long-
term receivables)                             (196) - (217)               264             443
(Loss)/Earnings per share                 (1 202) - (1 258)               278            (83)
*As a result of the restatement disclosed in note 35 to the 31 December 2015 Trencor annual financial
statements, the comparative amounts for the six months ended 30 June 2015 have been restated
accordingly. Previously reported amounts: headline earnings 275,8, adjusted headline earnings 261,2 and
earnings 275,3 cents per share respectively.

The Trading Statement of 3 October 2016 confirmed that the ranges disclosed did not take into
account any possible impact of the Hanjin bankruptcy. This Further Trading Statement now
takes into account the impairment of the Hanjin trade receivable at 30 June 2016, but not further
uncertainties relating to the Hanjin matter.

As a result, it is now advised that Trencor’s (loss)/earnings per share, headline (loss)/earnings per
share and adjusted headline (loss)/earnings per share for the six months ended 30 June 2016 are
expected to be within the ranges set out below:
                                                       2016
                                                    30 June
                                                   Expected
                                                        cps
Headline (loss)/earnings per share            (270) - (280)
Adjusted headline (loss)/earnings
per share (which excludes net
unrealised foreign exchange
losses/gains on translation of long-
term receivables)                             (260) - (270)
(Loss)/Earnings per share                 (1 280) - (1 300)

The financial information on which this Further Trading Statement is based has not been
reviewed and reported on by Trencor’s external auditors.

On behalf of the Board

DM Nurek Chairman
12 October 2016

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net

Date: 12/10/2016 11:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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