TREMATON CAPITAL INVESTMENTS LIMITED - Trading statement for the year ended 31 August 2016

Trading statement for the year ended 31 August 2016

Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Trematon group")


TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2016

Shareholders are hereby advised that the Trematon group is currently
finalising its annual final results for the year ended 31 August
2016 (“current year”).

The Trematon group expects:

  -   basic earnings per share for the year ended 31 August 2016 to
      be between 22.5 cents and 23.0 cents, which is between 54% and
      52% lower than that for the year ended 31 August 2015 ("the
      previous comparable period”) of 48.4 cents; and
  -   headline earnings per share (“HEPS”) for the year ended 31
      August 2016 to be between 1.5 cents and 1.8 cents, which is
      between 87% and 84% lower than that of the previous comparable
      period's HEPS of 11.2 cents; and
  -   net asset value per share for the year ended 31 August 2016 to
      be between 253 cents and 257 cents, which is between 8% and 9%
      higher than that of the previous comparable period’s 235
      cents; and
  -   intrinsic net asset value per share for the year ended 31
      August 2016 to be between 370 cents and 365 cents, which is
      between 2% and 1% higher than that of the previous comparable
      period’s 362 cents.

The reason for the decrease in earnings is the non-recurrence of
certain once-off items which occurred in the previous comparable
period, primarily the reclassification of inventory to investment
property in terms of IFRS and fair value adjustments on held-for-
trading investments that were written down in the current year.
Expenses were also incurred during the current year on the expansion
of   the   Generation  Education   investment   and  various   other
investments.

Further details will be provided in the final Trematon group results
for the year ended 31 August 2016, due to be published on SENS on or
about 14 November 2016.

The Financial information on which this trading statement is based
has not been reviewed or reported on by the Trematon group's
auditors   in   accordance    with   either   3.4b(viii)(1)(aa)    or
3.4b(viii)(1)(bb) of the Listings Requirements of the JSE Limited.

Cape Town
3 November 2016
JSE Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)

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