ANCHOR GROUP LIMITED - Further Trading Statement for the Year Ending 31 December 2015

Further Trading Statement for the Year Ending 31 December 2015

ANCHOR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2009/005413/06)
(“Anchor” or “the Company”)
ISIN Code: ZAE000193389           JSE Code: ACG

FURTHER TRADING STATEMENT FOR THE YEAR ENDING 31 DECEMBER 2015


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 will differ
by at least 20% from the financial results for the previous corresponding period
or a profit forecast previously provided to the market in relation to such
period.

Further to the initial trading statement issued on 10 March 2015, the directors
of Anchor have considered the Company’s performance for the year to date
and are reasonably certain that the financial results for the year ending
31 December 2015 will show an improvement on both the financial results for
the year ended 31 December 2014 and the profit forecast for the year ending
31 December 2015 as published in the Prospectus dated 2 September 2014.

Shareholders are accordingly advised of the following:

Comparison against prior year:
-  The earnings, headline earnings and adjusted headline earnings per
   share for the prior year ended 31 December 2014 were 32.0 cents per
   share, 28.3 cents per share and 30.1 cents per share respectively, based
   on a weighted average number of 75.9 million shares in issue.
-  The earnings per share, headline earnings per share and adjusted
   earnings per share for the year ending 31 December 2015 is expected to
   be between 43.1 cents per share and 52.7 cents per share respectively
   based on weighted average shares in issue of 148.3 million, representing
   an increase of between 40% and 60% compared to the prior
   comparative period.

Comparison against the profit forecast:
-  The forecast earnings per share and headline earnings per share for the
   year ending 31 December 2015 as detailed in the Prospectus was
   27.65 cents per share based on a weighted average number of shares in
   issue of 92.6 million.
-  The earnings per share, headline earnings per share and adjusted
   earnings per share for the year ending 31 December 2015 is expected to
   be between 43.1 cents per share and 52.7 cents per share respectively
   based on weighted average shares in issue of 148.3 million, representing
   an increase of at least 55% compared to the forecast comparable
   earnings per share information presented above.

Whilst the Company has considered various IFRS implications in issuing this
trading statement, the information disclosed below does not take into
account any potential unknown IFRS adjustments that may result from the
audit for the year ending 31 December 2015 and a further trading statement
may be required in due course.

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

Johannesburg
3 December 2015


Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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