KAP INTERNATIONAL HOLDINGS LIMITED - trading statement

trading statement

KAP INTERNATIONAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1978/000181/06)
Share code: KAP
ISIN: ZAE000059564
(“KAP” or “the Group”)

TRADING STATEMENT

Trading statement as required in terms of paragraph
3.4(b) of the Listings Requirements of the JSE Limited.

KAP acquired the Steinhoff Industrial Assets (“the
Steinhoff Industrial Assets”) from Steinhoff Africa
Holdings (Proprietary) Limited (“Steinhoff”) and issued
1912.8 million shares to Steinhoff with effect from
2 April 2012. For accounting purposes the transaction is
regarded as a reverse acquisition. Accordingly, the
Steinhoff Industrial Assets are treated as the acquirer
and KAP as the acquiree.

The statutory results of KAP for the year ended
30 June 2012  will  therefore  contain  the Steinhoff
Industrial Assets’ results for the full financial year
plus three months for KAP (as previously constituted).
The financial results for the previous corresponding
financial year will be the results of the Steinhoff
Industrial Assets and not those of KAP as previously
reported.


Based on the above, shareholders are advised that a
reasonable degree of certainty exists that:

    KAP’s earnings per share for the year ended 30 June
    2012 will be between 26 cents and 29 cents (2011:
    14.2 cents per share);and

    KAP’s headline earnings per share for the year
    ended 30 June 2012 will be between 23 cents and 26
    cents (2011: 22.1 cents per share).

The current year earnings per share and headline earnings
per share are based on a weighted average of 2018.3
million shares in issue (2011: 1912.8 shares).

The financial information in this trading statement has
not been reviewed or reported on by KAP’s auditors. The
audited results for the year ended 30 June 2012 are
expected to be published on or about 4 September 2012.
21 August 2012

By order of the Board
Steinhoff Secretarial Services Proprietary Limited
Company Secretary
Wynberg, Sandton

Sponsor:
PSG Capital (Pty) Limited

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