VLE - Value Group Limited - Trading Update

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 interim period ended 31 August 2011, the Group benefitted from an        
expanded customer base within the general distribution segment, which has       
contributed to earnings growth. In addition, the BEE equity transaction costs,  
which were incurred in the company`s previous interim reporting period ended 31 
August 2010, had a negative effect on the prior period`s earnings.              
Consequently, the comparative headline and basic earnings per share figures are 
reduced. Accordingly shareholders are advised that headline and basic earnings  
per share for the interim period ended 31 August 2011 will be 70% to 90% higher 
than that achieved in the previous corresponding period.                        
Excluding the once-off BEE equity transaction cost incurred in the previous     
period, adjusted headline earnings per share for the interim period ended 31    
August 2011 will be up to 20% higher than that achieved in the previous         
corresponding period.                                                           
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 6 months
ended 31 August 2011 will be published on or about 18 October 2011.             
Johannesburg                                                                    
6 October 2011                                                                  
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 06/10/2011 13:45:01 Supplied by www.sharenet.co.za                     
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