KAGISO MEDIA LIMITED - Trading Statement

Trading Statement

Kagiso Media Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/000036/06)
Share code KGM ISIN ZAE 000014007
(“Kagiso Media” or “the company” or “the group”)

Kagiso Media Limited trading statement for the twelve months
ended 30 June 2013

In terms of the JSE Limited Listings Requirements, companies
are required to publish a trading statement as soon as they
become reasonably certain that the financial results for the
next period to be reported upon will differ by at least 20%
from those of the previous corresponding reporting period.

Shareholders are accordingly advised that, for the year ended
30 June 2013, headline earnings per share ("HEPS") is expected
to be between 20%-25% higher (163 cents per share to 169 cents
per share) than the HEPS of 135.5 cents per share for the
previous corresponding period. The basic earnings per share
are also anticipated to be 20%-25% higher for the same period.

Shareholders are reminded that the basic earnings per share in
the prior year was affected by the disposal of LexisNexis in
December 2011 and the inclusion of only one month’s earnings
from Juta & Company in the June 2012 results.

The annual results for the year ended 30 June 2013 are
expected to be released on SENS on or about Wednesday 18
September 2013.

RESULTS IN CONTEXT

FY2013 was impacted by an increase in earnings due to the
inclusion of the Juta & Company results for the full year,
increasing HEPS by 13.8 cents. In addition, the underlying
performance of the group's broadcasting assets exceeded
expectations.

The guidance provided above includes a number of exceptional
items including

- a provision for the ex-gratia payment to the former CEO;
- the impairment incurred in the reclassification of
Acceleration Media as a business held for sale; and
- close-out costs for the disposal of the Juta & Company
retail division.

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

Sandton
29 July 2013

Sponsor:
Investec Bank Limited

Date: 30/07/2013 08:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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