NEW AFRICA INVESTMENT LIMITED - Trading Statement

Trading Statement

NEW AFRICA INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
(Share codes: NAI and NAN)
(ISIN: ZAE000033338 and ZAE000033346)
("NAIL" or the "Group" or the "company")

Trading Statement in respect of Nail’s Group results for the year ended 30 June 2012.

In terms of rule 3.4 (b) of the Listings Requirements of the JSE Limited, a listed Company is required to publish a
trading statement as soon as a reasonable degree of certainty exists that the financial results for the next reporting
period to be reported on will differ by at least 20% from those of the corresponding previous period.

Shareholders are advised that the Group expects that the headline earnings per share (“HEPS”) for the year ended
30 June 2012 will be between 200% to 233% higher when compared with the corresponding period in 2011,
primarily due to the increase in income received from the associate, Kaya FM and interest received from SARS
relating to a tax refund. The expected ranges are as follows:
                                                           Expected Actual     Change
                                                           2012     2011       %UP/Down
HEPS (cents per share)                                     10 - 11  3.3        200 - 233% Up

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

The Company`s results for the year ended 30 June 2012 will be published on or about 14 September 2012.


Johannesburg
25 July 2012
Sponsor : INVESTEC BANK LIMITED

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