ANDULELA INVESTMENT HOLDINGS LIMITED - Trading statement

Trading statement

ANDULELA INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
JSE share code: AND  ISIN: ZAE000172870
(“Andulela” or “the company”)


TRADING STATEMENT

In terms of the JSE Listings Requirements, 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.

Accordingly, shareholders are advised that Andulela expects that its headline loss and diluted headline
loss for the year ended 31 December 2016 will be between 3.62 cents per share and 4.34 cents per share,
being an improvement of between 79% and 75% as compared to its headline loss and diluted headline
loss of 17.63 cents per share for the year ended 31 December 2015.

The loss per share and diluted loss per share for the year ended 31 December 2016 will be between 60 cents per
share and 64.5 cents per share, as a result of the impairment of goodwill in the current year. This represents
an increase of between 147% and 166% as compared to the loss and diluted loss of 24.28 cents per share for the 
year ended 31 December 2015.

The financial information on which this trading statement is based has not been reviewed or reported on
by the company’s auditors.

The financial results for the year ended 31 December 2016 are expected to be released on or about 31
March 2017.

16 March 2017


Sponsor
Java Capital

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