Trading statement 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’) VOLUNTARY 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. The company has elected to issue a voluntary trading update in this regard. Notwithstanding rate pressures and volume decline, revenue growth was achieved. However, increased operating profits were negatively impacted by escalating operating costs. Additionally, earnings were further reduced by increased net financed costs arising principally from Circular 9/2006 fair value adjustments. Consequently, shareholders are advised that basic and headline earnings per share for the interim period ended 31 August 2012 will be up to 10% lower 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 2012 will be published on or about 16 October 2012. Johannesburg 5 October 2012 Sponsor: Investec Bank Limited Date: 05/10/2012 05:01:00 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.