WILSON BAYLY HOLMES-OVCON LIMITED - Trading Statement

Trading Statement

WILSON BAYLY HOLMES - OVCON LIMITED
Building and civil engineering contractors
(Registration no. 1982/011014/06)
ISIN No: ZAE 000009932
Share code: WBO
(“WBHO” or “the Company”)


TRADING STATEMENT
The directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated financial results
for the year ended 30 June 2016, earnings per share and headline earnings per share are expected to vary by the percentages
and amounts included in the table below:-


                                         30 June 2016           30 June 2016            30 June 2015            30 June 2015
                                          % range between       Between                 Restated                As previously
                                                                                                                reported


Continuing operations:


Headline earnings per share (cents)      20% to 30% up          1 309 and 1 418         1 090.7                 1 105.7


Earnings per share (cents)               50% to 60% up          1 340 and 1 430           893.6                   908.6


Total operations:


Headline earnings per share (cents)      5% to 15% up           1 234 and 1 351         1 175.2                 1 175.2


Earnings per share (cents)               25% to 35% up          1 287 and 1 390         1 029.5                 1 029.5


RESTATEMENT OF PRIOR YEAR FIGURES

During the year under review 3Q Mahuma Concrete Holdings (Pty) Ltd, a subsidiary of Capital Africa Steel (Pty) Ltd met the
requirements for classification as a discontinued operation in terms of International Financial Reporting Standards (IFRS).
Earnings per share and headline earnings per share in respect of the comparative period 30 June 2015 have been restated
accordingly.

COMMENTARY

The significant increase in earnings per share from continuing operations is attributable to normalised earnings generated from
Australia.

The smaller increase anticipated in respect of earnings per share from total operations at 30 June 2016 is due to the loss
recognised on the disposal of Capital Star Steel.

The summary consolidated financial statements for the year ended 30 June 2016 are expected to be released on SENS on 5
September 2016.

This statement has not been reviewed nor reported on by the company’s auditors.

By order of the board

Johannesburg
19 August 2016


Sponsor: Investec Bank Limited

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