AFRICAN AND OVERSEAS ENTERPRISES LD - Further trading statement

Further trading statement

AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/027461/06)
JSE share code: AOO   ISIN: ZAE000000485
JSE share code: AON   ISIN: ZAE000009718
JSE share code: AOVP  ISIN: ZAE000000493
(“AOE”)


FURTHER TRADING STATEMENT

Shareholders are referred to the trading statement released on SENS on 19 January 2017 wherein AOE noted
that, as anticipated, economic trading conditions were tough and that it expected its earnings per share to
decrease by at least 50%, from earnings of 57.8 cents per share reported by AOE for the six months ended 31
December 2015 to earnings of 28.9 cents per share for the six months ended 31 December 2016 and its
headline earnings per share to decrease by at least 50%, from headline earnings of 57.8 cents per share
reported by AOE for the six months ended 31 December 2015 to headline earnings of 28.9 cents per share
for the six months ended 31 December 2016.

AOE is now in a position to advise shareholders that its:

1.    earnings per share for the six months ended 31 December 2016 will be 13.5 cents per share, being a
      decrease of 76.6% from earnings of 57.8 cents per share reported by AOE for the six months ended 31
      December 2015; and

2.    headline earnings per share for the six months ended 31 December 2016 will be 15.4 cents per share,
      being a decrease of 73.3% from headline earnings of 57.8 cents per share reported by AOE for the six
      months ended 31 December 2015.

The information on which this trading statement has been based has not been reviewed or reported on by
AOE’s auditors. The financial results for the six months ended 31 December 2016 are expected to be
published on or about 10 March 2017.

8 March 2017


Sponsor
Java Capital

Date: 08/03/2017 04:02:00 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.