JOHN DANIEL HOLDINGS LIMITED - Trading Statement and Change in Year End Announcement

Trading Statement and Change in Year End Announcement

JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group")


TRADING STATEMENT AND CHANGE IN YEAR END ANNOUNCEMENT


TRADING STATEMENT
The Group results continue to reflect robust growth as a result
of the restructure initiatives implemented in terms of the
Group’s recapitalisation and restructure process announced in
September 2010.

Group revenue increased by 322.6% for the 12 month period ended
30 September 2012 compared to the comparative period for the
15 months ended 30 September 2011. Gross profit increased by
346.8% for the same period.

In addition, the conclusion of a R15 million fully subscribed
rights offer, and the conversion of the Escalator Capital
Limited loan into equity, has further improved the solvency of
the Group.

In terms of the JSE Listings Requirements, a listed company is
required to publish a trading statement as soon as its board of
directors (“board”) is satisfied that a reasonable degree of
certainty exists that the financial results for the next period
to be reported on will vary by more than 20% from those of the
previous corresponding period or from a profit forecast
previously provided to the market in relation to such period.

Accordingly, shareholders are advised that the board is
reasonably certain that for the second interim 12 month period
ending 30 September 2012, the headline earnings per share
(“heps”) will increase by between 115% and 125% and earnings per
share (“eps”) will reduce by between 30% and 40% compared to the
published results for the comparable period ended 30 September
2011. The percentage movement in the heps and eps is muted due
to the dilutive effect of issuing 286 million shares during the
period, representing a 182% increase in issued share capital.

The above information has not been reviewed or reported on by
the Company’s auditors.

CHANGE IN YEAR END
The year end of the Company and its subsidiaries has been
extended by three months, in accordance with the requirements
per the Companies Act, 2008 (Nr. 71 of 2008), from 30 September
to 31 December. This is in order to align the seasonal
performance of the underlying businesses more appropriately. In
compliance with the JSE Listings Requirements concerning an
extension in year end, a second interim report will be prepared
and made available to shareholders in due course.

Johannesburg
29 November 2012

Sponsor
Arcay Moela Sponsor (Proprietary) Limited

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