Trading Statement Stefanutti Stocks Holdings Limited (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the Group”) TRADING STATEMENT In terms of Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the Board of Stefanutti Stocks hereby announces that the Group’s results for the six months ended 31 August 2012, being earnings and headline earnings per share, are expected to between 50% to 70% lower than the earnings and headline earnings per share for the prior comparative period. Although revenue is anticipated to show an increase of between 23% and 33%, the reduction in earnings can be attributed to: * Reduction in margin due to competitive trading conditions; * A number of problematic contracts mainly in the Building Business Unit; and * Some bad debt write offs. No provision has yet been made for possible penalties payable to the Competition Commission pursuant to its investigation into anti-competitive behaviour by companies within the construction sector, as discussions regarding the scope of a potential settlement are at an early stage and the potential quantum has yet to be discussed. Accordingly no reliable estimate can be made as to the amount of any obligation to the Group. The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s auditors. Johannesburg 19 October 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 19/10/2012 04:35:00 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.