NAMPAK LIMITED - Trading statement for the year ended 30 September 2017

Trading statement for the year ended 30 September 2017

NAMPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/008070/06)
Share code: NPK
ISIN: ZAE000071676
(“Nampak” or “the Company”)

TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2017

Nampak is in the process of finalising its results for the year ended 30
September 2017 (“the period” or “the year”). In terms of paragraph 3.4(b)
of the JSE Listings Requirements ("the Requirements"), shareholders are
advised that Nampak is satisfied that a reasonable degree of certainty
exists that earnings per share (“EPS”) will differ by at least 20%
compared to the prior year ended 30 September 2016 (“prior year”) and
that certain key profit components will fall within indicated ranges.
Consequently, Nampak advises that:

•   Trading profit is expected to increase by between 1% and 4% to between
    R1 935 million and R1 995 million compared to R1 905 million in the
    prior year.
•   Headline earnings per share (“HEPS”) is expected to increase by between
    11% and 17% to between 119.4 cents per share and 125.9 cents per share
    compared to 107.6 cents per share in the prior year. HEPS excludes
    capital profits and impairments but includes foreign exchange losses
    and onerous contract provisions.
•   EPS is expected to decrease by between 84% and 88% to between 30.5
    cents per share and 40.7 cents per share compared to 254.5 cents per
    share in the prior year. This is mainly due to a once-off capital
    profit of R1.3 billion that arose in the prior year related to the
    disposal of certain properties that has not been repeated in the current
    year. EPS includes capital profits, foreign exchange losses, onerous
    contract provisions and asset impairments.
•   In line with normal year-end procedures, Nampak has performed extensive
    impairment testing on the carrying value of its assets and preliminary
    results of these assessments indicate that certain impairments and an
    onerous contract provision and related costs are required. Total
    impairments and an onerous contract provision and related costs, which
    are included in the above figures, are likely to be between R720 million
    and R760 million compared to the prior year of R360 million.
•   Foreign exchanges losses are expected to decrease by between 74% and
    78% to between R150 million and R180 million compared to R681 million
    in the prior year.
Nampak expects to release its results on or about the 28 November 2017.
The above information has not been reviewed or reported on by the
Company's external auditors.


Bryanston
15 November 2017
Sponsor:
UBS South Africa (Pty) Ltd

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