REUNERT LIMITED - Voluntary Trading Statement

Voluntary Trading Statement

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1913/004355/06
ISIN: ZAE000057428
JSE Code: RLO
(“Reunert” or “the Company”)

VOLUNTARY TRADING STATEMENT

Reunert is currently finalising its results for the six months
ended 31 March 2013, which should be released on SENS on or about
21 May 2013. Shareholders are advised that the Board has
reasonable certainty that:

- earnings per share and headline earnings per share will be
between 13% and 17% lower; and
- normalised headline earnings per share will be between 12% and
16% lower

than the corresponding reporting period of the previous year.

The key reasons for the decline in earnings are:
- The impact of a generally slower economy;
- Delays in various external infrastructure roll-outs that have
affected the CBi-Electric segment;
- The port and transport sector strikes in October 2012 affected
production volumes within CBi-Electric due to late delivery of
raw-materials; and
- The decrease in the interconnect rates affected the viability of
the least cost router (“LCR”) product offering in our mobile
telecommunications business. LCR was still a significant profit
contributor in the equivalent period last year.

The combination of these factors has resulted in lower revenue for
the six months and a consequent decrease in earnings.

The forecast financial information on which the trading statement
is based has not been reviewed and reported on by the Company’s
external auditors.

Sandton
3 May 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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