Trading update BLUE FINANCIAL SERVICES LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1996/006595/06) JSE Code: BFS ISIN: ZAE000083655 ("Blue" or "the Company" or “the Group”) TRADING UPDATE In terms of the JSE Limited Listings Requirements, a company is required to publish a trading statement as soon as it has a reasonable degree of certainty that the financial results for the current reporting period will be more than 20% different than that of the previous corresponding period. In light of above, shareholders are hereby advised that Blue expects earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the twelve months ended 28 February 2013 to be at least 20% lower than the prior comparative period. Once the board has obtained further certainty as to the extent or range of the expected decrease in EPS and HEPS, a further trading update will be published on the Securities Exchange News Service of the JSE Limited. The financial information contained in this trading update has not been reviewed or reported on by Blue’s independent auditors. Shareholders are further advised that the audited results for the year ended 28 February 2013 are not expected to be released on SENS before 31 May 2013. Johannesburg 17 May 2013 Designated Advisor Grindrod Bank Limited Date: 17/05/2013 04:50:00 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.