CARGO CARRIERS LIMITED - Trading Statement

Trading Statement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the Company")


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of the
Johannesburg Stock Exchange, shareholders are advised that for the
period 31August 2015:

-    Earnings per share (“EPS”) are expected to be between 103.9 cents per share
     and 111.7 cents per share, reflecting an increase of between 35% and 45%,
     when compared to the EPS of 77.0 cents per share reported for the prior
     period ended 31 August 2014; and

-    Headline earnings per share (“HEPS”) are expected to be between 90.5 cents
     per share and 98.0 cents per share, reflecting an increase of between 20% and
     30% when compared to the HEPS of 75.4 cents per share reported for the prior
     period ended 31 August 2014.

Earnings benefitted by an improved performance from the Company’s South African
and Swaziland operations and the disposal of certain non-core assets.

The financial information on which this trading statement is based has not been
reviewed and reported on by the Company’s auditors.

The Company expects its results for the period ended 31 August 2015 to be released
on SENS on or about 27 October 2015.

Johannesburg
23 October 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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