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Trading Update
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET
ISIN: ZAE000076014
("Petmin" or "the Company")
Trading Update
In terms of the Listings Requirements of 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 on
will differ by 20% or more from the financial results of the previous corresponding period.
Shareholders are advised that following a solid operational performance at its Somkhele anthracite mine,
Petmin's headline earnings for the year ended 30 June 2016 are expected to decrease by approximately 3%
to approximately 23.7 cents per share (2015: 24.28 cents).
Earnings per share for the year ended 30 June 2016 is expected to reduce by approximately 91% to
approximately 2 cents per share compared to the earnings per share of 22.98 cents for the year ended 30
June 2015. The reduction in earnings per share is as a result of the decision taken in December 2015 to
fully impair the investment in the Veremo project of R115 million due to the
lack of acceptable progress in discussions with the majority shareholders of Veremo on how best to
take the Veremo project forward. This impairment has no impact on cash.
This trading statement and SENS announcement has not been reviewed or audited by the Company's auditors.
The Company's preliminary results for the year ended 30 June 2016 are expected to be published on SENS on 5 September 2016.
Investors, analysts and media are invited to join a 10h00 call with Petmin management on Monday 5 September
2016 following the release of Petmin financial results for the year ended 30 June 2016.
Dial in details for Petmin results call
10h00 Monday 5 September 2016
Country Access Number
South Africa - Johannesburg Neotel 011 535 3600
South Africa - Johannesburg Telkom 010 201 6800
UK - Toll-Free 0808 162 4061
USA and Canada - Toll Free 1 855 481 5362
Australia - Toll-Free 1 800 350 100
Other Countries - International +27 11 305 2030
Other Countries - International +27 10 201 6800
Playback Access Numbers (code 45555#)
Country Access Number
Other Countries - International +27 11 305 2030
South Africa 011 305 2030
UK - Toll Free 0 808 234 6771
USA and Canada - Toll Free 1 855 481 5363
Enquiries:
Petmin: Bradley Doig
+27 11 706 1644
Media: Jonathon Rees (Communications and investor relations)
Jonathon Rees (Communications and investor relations)
+27 76 185 1827
jonathon@proofafrica.co.za
Sponsor and Corporate Adviser
River Group
Johannesburg
1 September 2016
Date: 01/09/2016 04:05:00 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.
