CONVERGENET HOLDINGS LIMITED - Trading statement

Trading statement

CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN         ISIN: ZAE000102067
(“ConvergeNet” or the “Company”)


     TRADING STATEMENT

     In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company is
     required to publish a trading statement as soon as it is satisfied that a reasonable degree of
     certainty exists that the financial results for the period to be reported upon next will differ, by at
     least 20%, from those of the previous corresponding period.

     Accordingly, shareholders are hereby advised that a reasonable degree of certainty exists that
     the Company will report an increase of at least 20% in the basic and headline loss per share in
     respect of its continuing operations for the twelve months ended 31 August 2013 compared to
     the basic and headline loss per share for the prior period ended 31 August 2012.

     A decrease in the basic and headline earnings per share for the twelve months ended
     31 August 2013 of at least 20% compared to the basic and headline earnings per share for the
     prior period ended 31 August 2012 is expected to be reported in respect of the Company’s
     discontinuing operations.

     A further announcement will be released once the board of directors has reasonable certainty as to
     the range of the expected financial results referred to above.

     This trading statement has not been reviewed or reported on by the Company’s external
     auditors. The Company’s provisional financial results for the year ended 31 August 2013 are
     expected to be published on or about 29 November 2013.


     Centurion
     25 November 2013

     Corporate advisor: AfrAsia Corporate Finance Proprietary Limited
     Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Date: 25/11/2013 02:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.