VALUE GROUP LIMITED - Voluntary trading update

Voluntary trading update

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.

Although revenue growth was achieved, trading for the second half of the financial year
ended 28 February 2013 was challenging. Earnings were impacted by the expiry of certain
distribution and truck rental contracts and increased costs associated with the transport
sector strike in September and October 2012. In January and February 2013, supply chain
activities and volumes reduced to less than the previous year’s levels. Accordingly,
shareholders are advised that headline and basic earnings per share for the year ended
28 February 2013 will be up to 10% lower than that achieved in the previous corresponding
year.

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 12 months ended 28 February 2013
will be published on or about 15 May 2013.



Johannesburg
18 April 2013


Sponsor:
Investec Bank Limited

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