NICTUS BEPERK - Trading statement for the year ended 31 March 2013

Trading statement for the year ended 31 March 2013

 Nictus Limited
 Incorporated in the Republic of South Africa
 Registration number: 1981/001858/06
 JSE share code: NCS
 NSX share code: NCT
 ISIN code: NA0009123481
 (“Nictus”)


                        Trading statement for the year ended 31 March 2013


In terms of the Listings Requirements of the JSE Limited ("JSE"), 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 for the previous corresponding period.

Nictus shareholders are advised that for the year ended 31 March 2013:

    -   Headline Earnings per Share (“HEPS”) from continuing operations, is expected to be a loss of
        between 19 and 23 cents per share which is lower than the previous corresponding period’s
        HEPS of 1.73 cents per share from continuing operations.

        For purposes of determining HEPS from continuing operations:

              -   the South African furniture segment and the South African insurance segment have
                  been included; and

              -   the unbundled Namibian furniture retail business, Namibian motor retail business and
                  the Namibia insurance and finance business have been excluded.

    -   HEPS (including headline earnings from discontinued operations) is expected to be a loss of
        between 21 and 25 cents per share which is lower than the previous corresponding period’s
        HEPS of 33.02 cents per share.

    -   Earnings per share (“EPS”) (including earnings from discontinued operations) is expected to
        be a loss of between 20 and 24 cents per share which is lower than the previous
        corresponding period’s EPS of 43.09 cents per share.

    -   The main reasons for the reduction in HEPS and EPS from continuing operations is the costs
        incurred in the unbundling of the Namibian operations from Nictus Limited during the first six
        months. These costs amount to almost R4m. In addition, significant losses were incurred in
        the furniture segment due to organized crime syndicates specifically targeting one of our
        branches.

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


Randburg

3 May 2013

Sponsor on the JSE                                Sponsor on the NSX
KPMG Services (Pty) Limited                       Simonis Storm Securities (Pty) Ltd
                                                  (Member of the NSX)

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