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VLE - Value Group Limited - Trading update Value Group Limited (Incorporated in the Republic of South Africa) Registration number: 1997/002203/06 Share code: VLE ISIN code: ZAE000016507 ("Value" or "the company") TRADING UPDATE In terms of the listings requirements of the JSE Limited, a listed company is required to publish a trading update as soon as it becomes reasonably certain that the financial results for the period to be reported on next will show a 20% or more difference from the previous corresponding period. In the company`s circular dated 1 July 2010, it was illustrated how the once off BEE equity transaction costs would have a negative effect on earnings. These costs were incurred during the company`s interim reporting period ended 31 August 2010. Notwithstanding these once-off costs, favourable trading conditions in the second half of the 2011 financial year contributed to an increase in earnings. Accordingly shareholders are advised that headline and basic earnings per share for the year ended 28 February 2011 will be up to 20% higher than that achieved in the previous corresponding period. Excluding the once-off costs associated with the BEE equity transaction, headline and basic earnings per share for the year ended 28 February 2011 will be 15% to 35% higher than that achieved in the previous corresponding year. The financial results, on which this trading update has been based, have not been reviewed nor reported on by Value`s auditors. The results for the year ended 28 February 2011 will be published on or about 10 May 2011. Johannesburg Sponsor: Investec Limited 28 April 2011 Date: 28/04/2011 16:41:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
