STELLAR CAPITAL PARTNERS LIMITED - Voluntary trading statement and portfolio update

Voluntary trading statement and portfolio update

Stellar Capital Partners Limited
Incorporated in the Republic of South Africa
Registration number 1998/015580/06
Share code: SCP     ISIN: ZAE000198586
(“Stellar Capital”)

VOLUNTARY TRADING STATEMENT AND PORTFOLIO UPDATE

VOLUNTARY STELLAR CAPITAL TRADING STATEMENT

Stellar Capital expects to report a net asset value per share
(“NAVPS”) of between R1.63 and R1.68 as at 30 November 2016
being an increase of between 4% and 7% in NAVPS since the
interim reporting date of 31 May 2016.

TORRE INDUSTRIES UPDATE

Stellar Capital shareholders are referred to the trading
statement   published  today   by  Torre   Industries   Limited
(“Torre”), in which Stellar Capital holds a 55.62% interest,
advising that Torre’s normalised headline earnings per share
(“NHEPS”), headline earnings per share (“HEPS”) and basic
earnings per share (“EPS”) for the 6 months ended 31 December
2016 will all be lower than the previous corresponding period.

The weaker results are primarily the result of once-off
restructuring   and    relocation   costs   in   the    period.
Notwithstanding, the interim results of Torre will be much
improved from those of the prior six-month period ended 30
June 2016, as operational improvements began taking effect.

PRESCIENT UPDATE

Stellar Capital shareholders are referred to the announcement
on 23 January 2017 of the extension of the date for fulfilment
or waiver of the conditions precedent to the Prescient
transaction.

The outstanding conditions precedent relate to regulatory
approvals from the Central Bank of Ireland and Jersey
Financial Services Commission which, despite the relatively
immaterial   size  of   the  Prescient   operations  in  these
jurisdictions, have taken longer than anticipated to finalise.
It is however expected that these approvals will be
forthcoming and the transaction finalised imminently. A
finalisation announcement will be released on SENS, once the
outstanding conditions precedent have been met.
The   financial   information on  which   this  update  has
been based has not been reviewed and reported on by Stellar
Capital’s external auditors.

Stellar Capital will release its results for the year ended 30
November 2016 on or about Thursday, 16 February 2017.

Johannesburg
6 February 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06/02/2017 05:15:00 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.