ERBACON INVESTMENT HOLDINGS LIMITED - Trading statement

Trading statement

ERBACON INVESTMENT HOLDINGS LIMITED

Incorporated in the Republic of South Africa

(Registration Number: 2007/014490/06)

Share Code: ERB ISIN: ZAE000111571

(“Erbacon” or “the Company” or “the Group”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, a
listed company is required to publish a trading statement as
soon as it becomes reasonably certain that the financial results
for the next period to be reported on will show a 20% or more
difference from those of the prior corresponding period.

Shareholders are advised that the Group’s revenues for the six
month period ended 31 August 2012 increased by 37% over the
previous corresponding period, and that the Group produced an
operating profit (profit before finance charges and tax)
compared to an operating loss in the prior period.

Non-cash finance charges related to the recapitalisation of the
Group by way of the Debt Restructuring Plan, which has now been
implemented (the results of the Debt Restructuring Plan were
released on SENS on 27 August 2012), will still result in a
total loss for the period under review. The board has obtained a
reasonable degree of certainty that the Group will now report a
basic and headline loss per share of between 15 cents per share
and 19 cents per share for the six month period ended 31 August
2012 compared to a basic and headline loss per share of 43 cents
per share and 27 cents per share respectively for the prior
corresponding period.

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

The unaudited condensed group interim results for the period
ended 31 August 2012 will be announced on or about 3 October
2012.

2 October 2012
Midrand

Designated adviser:

PSG Capital (Pty) Limited

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