NUTRITIONAL HOLDINGS LIMITED - Updated Trading Statement and Appointment of Company Secretary

Updated Trading Statement and Appointment of Company Secretary

NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2004/002282/06)
Share Code: NUT    ISIN: ZAE000156485
("Nutritional Holdings" or “the Company”)


UPDATED TRADING STATEMENT AND APPOINTMENT OF COMPANY
SECRETARY

UPDATED TRADING STATEMENT

In accordance with paragraph 3.4(b) of the Listing Requirements 
of the JSE Limited, companies are required to inform shareholders 
as soon as there is a reasonable degree of certainty that the 
earnings of the company are likely to vary by more than 20% compared 
to the previous reporting period.

Shareholders are advised that further to the trading statement 
released on SENS on Tuesday, 7 October 2013, the Company is 
expecting it’s basic loss per share for the six months ended 
31 August 2013 to improve by between 57% and 67% compared to 
the loss per share for the previous corresponding period and 
the headline loss per share for the six months ended 31 August
2013 to improve by between 57% and 67% compared to headline loss 
per share for the previous corresponding period.

Improvements in the Companies operating loss were largely as a 
result of the operational efficiency and business improvement   
initiatives presented at the year-end announcement made in May 
2013. These initiatives remain priority and are expected to 
continue to bear fruit in the future. The Companies gearing remains 
low at 13.7%, calculated as at 31 August 2013.

The information in this trading statement has neither been reviewed 
nor reported on by the Company’s external auditors.

The financial results for the six months ended 31 August 2013 are 
expected to be released on or about 21 October 2013.

APPOINTMENT OF COMPANY SECRETARY

In compliance with paragraph 3.59 (a) of the Listings Requirements 
of the JSE Limited, shareholders are advised that, with effect from 
14 October 2013 Mrs. Jenny Etchells (“Jenny”) has been appointed as
Company  Secretary, replacing Ms Giordana Verga who resigned, effective
30 September 2013.

Jenny is a Chartered Accountant (SA) as well a Master Tax Practitioner 
(SA). She holds a BCompt(Hons) degree as well as a Hdipptax degree. 
Jenny qualified as a Chartered Accountant(SA) in 1987 and has worked 
in the audit, tax and accounting industry for 28 years, 20 years of which
as a Partner of Deloitte’s, BDO Spencer Steward and her own Auditing Practice.

She has 10 years audit experience with 3 JSE listed companies. In addition,
Jenny served as the Financial Director of two JSE listed companies, Argent 
Industrial Limited and subsequently Nutritional Holdings Limited for 3 and 
half years. During her time in both the audit, tax and accounting industry 
as well as in her position as Financial Director, she gained a vast amount 
experience in the requirements needed to fill the position as a Company
Secretary.


Umhlanga
15 October 2013

Designated advisor: PSG Capital Proprietary Limited

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