CND - Conduit Capital Limited - Trading Update

CND - Conduit Capital Limited - Trading Update                                  
CONDUIT CAPITAL LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: CND     ISIN: ZAE000073128                                          
("Conduit" or "the group")                                                      
TRADING UPDATE                                                                  
In terms of the Listings Requirements of JSE Limited, companies are required    
to publish a trading statement as soon as they become reasonably certain that   
the financial results for the period to be reported on will differ by more      
than twenty percent from that of the previous corresponding period.             
Accordingly, a review by management of the financial results for the six        
months ended 28 February 2011 has indicated that net profit before tax,         
attributable earnings, headline earnings, earnings per share ("EPS"),           
headline earnings per share ("HEPS"), net asset value per share ("NAV") and     
tangible net asset value per share ("TNAV") are expected to be as follows:      
                                  Unaudited   Unaudited                         
                                  6 months    6 months                          
                                  to          to                 Percentage     
28 Feb      28 Feb     Change  change         

                                  2011        2010                              
Net profit before tax (R`000)      24 661      15 331     9 330   60.9%         
Attributable earnings (R`000)      10 063      6 946      3 117   44.9%         
Headline earnings (R`000)          10 052      5 917      4 135   69.9%         
EPS (cents)                        4.02        2.78       1.24    44.6%         
HEPS (cents)                       4.02        2.36       1.66    70.3%         
NAV (cents)                        101.32      95.06      6.26    6.6%          
TNAV (cents)                       82.89       76.57      6.32    8.3%          
                                                                                
Number of shares in issue, net of  250 277     250 277                          
treasury shares (`000)                                                          
Weighted number of shares (`000)   250 277     250 277                          
Note:     The financial information on which this trading update is based has   
         not been reviewed or reported on by the group`s auditors.              
Conduit`s unaudited interim results for the six months ended 28 February        
2011, incorporating further commentary on all operating units, are expected     
to be released during the third week of April 2011.                             
Johannesburg                                                                    
14 April 2011                                                                   
Sponsor                                                                         
Merchantec Capital                                                              
Date: 14/04/2011 15:30:40 Supplied by www.sharenet.co.za                     
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