ACCENTUATE LIMITED - Trading Statement

Trading Statement

Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share code: ACE ISIN: ZAE000115986
("Accentuate" or “the Group”)

TRADING STATEMENT

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are
advised that the Group expects to release reviewed earnings per share and headline earnings per share
for the six months ended 31 December 2012 within the ranges shown below.

Group Results
                                       Expected Ranges          Restated       Reported
Cents                                         December          December       December
                                                  2012              2011           2011

Basic Earnings Per Share                  5.80 – 6.20             4.21             5.01
Headline Earnings Per Share               5.80 – 6.20             6.05             6.86

Shareholders are advised that there is going to be a restatement of the figures for the comparative
period in order to provide a more accurate and realistic comparison of earnings and headline earnings.
The finance cost and taxation charge figures for the comparative period to 31 December 2011 were
understated and have been restated. Although these adjustments are not material, cumulatively they
provide a more accurate and realistic comparison of the Group’s earnings during the period under
review. The net finance charge figure was understated due to duplication of some entries and the
reported taxation charge incorrectly took into account the losses on the CGA business. The restated tax
charge also takes into account the impact of the restated finance charge.

The audited figures for the year ended 30 June 2012 were correct and are not affected by this
restatement.

                                               As reported      Effect of        Restated
                                               31 Dec 2011      restatement      31 Dec 2011
                                               R 000’s            R 000’s        R 000’s
Statement of comprehensive income
    -   Net finance charge                             784          421          1 205
    -   Income tax                                   1 921          424          2 345

Statement of financial position
    -   Accumulated loss                           27 175           845         28 020
    -   Trade and other payables                   30 380           421         30 801
    -   Current tax payable                         2 472           424          2 896


The financial information on which this trading statement has been based has not been reviewed or
reported on by the Group’s auditors. The Group’s reviewed results for the six months ended 31
December 2012 are expected to be published on or about 28 February 2013.

Johannesburg
26 February 2013
Designated Adviser: Bridge Capital Advisors (Pty) Limited

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