NIVEUS INVESTMENTS LTD - Trading Statement

Trading Statement

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus”)



TRADING STATEMENT

In terms of the Listing Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period to be reported
upon next will differ by at least 20% from the financial results for the previous
corresponding period.

Niveus accordingly advises that for the year ended 31 March 2013 the Company
expects its financial results to fall within the following ranges:


                                                 2013      2012          Pro-forma
                                                                         2012
Earnings per share – cents                       280-320   69            23
Headline earnings per share - cents              40-48     69            38



Shareholders are advised that the results for the current year are not comparable
to that of the prior year as the group entered into a number of acquisition
transactions as detailed in the pre-listing statement and announcements made
on SENS on 11 December 2012 and 14 January 2013. The pro-forma results for
the prior year, as disclosed in the prelisting statement, does not reflect the
negative goodwill on the acquisition of KWV Holdings Limited (“KWV”) nor the
loss on the sale of Formex Industries Proprietary Limited, details of which were
published on SENS on respectively 11 December 2012 and 14 January 2013
and the financial effects of which have been adjusted for in the headline earnings
per share in 2013. Furthermore, the pro-forma results included the results of the
acquired companies (excluding KWV) for a full 12 months whereas the
acquisitions and disposal occurred mid-year. The headline earnings per share for
2013 is therefore not comparable to that of the pro-forma financial information in
the pre-listing statement.

The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.
Shareholders are advised that the results for the year ended 31 March 2013 will
be released mid-May 2013.

Cape Town
3 May 2013

Sponsor:
Investec Bank Limited

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