Trading Statement 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 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 478% for the 15 month period ended 31 December 2012 compared to the comparative period for the 15 months ended 30 September 2011. The increased market share translated into operating profits for the 2012 period compared to operating losses reported in the comparative periods. In addition, the conclusion of a R15 million fully subscribed rights offer, and the conversion of a portion 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 15 month period ended 31 December 2012, headline earnings per share (“heps”) will increase by between 240% and 260% whilst earnings per share (“eps”) will increase within the 20% range compared to the published results for the comparable period ended 30 September 2011. The above information has not been reviewed or reported on by the Company’s auditors. Johannesburg 20 March 2013 Sponsor Arcay Moela Sponsor (Proprietary) Limited Date: 20/03/2013 04:08:00 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.