Updated Trading Statement BEIGE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/006871/06) (“Beige” or “the company”) ISIN Code: ZAE 000034161 Share code: BEG UPDATED TRADING STATEMENT FOR THE 12 MONTHS ENDED 30 JUNE 2013 Further to the trading statement released on SENS on 14 June 2013, shareholders are advised that the company has obtained more certainty regarding the financial results for the year ended 30 June 2013. Shareholders are, however, reminded that following a change in the Company’s year-end from 31 March to 30 June each year, the comparative period for which the results for the year ended 30 June 2013 are required to be compared to for purposes of this trading statement, is the three month period ended 30 June 2012. Beige shareholders are accordingly advised that for the year ended 30 June 2013, the loss per share is expected to be between 5.60 cents and 6.20 cents compared to a loss per share of 0.23 cents for the three months ended 30 June 2012 and that the headline loss per share is expected to be between 3.20 cents and 3.80 cents compared to a headline loss of 0.23 cents per share for the three months ended 30 June 2013. The loss per share is largely attributable to a number of once off factors as detailed below: - stock losses in excess of R10 million were incurred during the period at the Durban site as a result of mismanagement and a temporary breakdown in systems and controls surrounding stock. Whilst corrective action has been taken and new appointments made, the losses have also lead to a decision to partly impair the goodwill associated with the Quality Products acquisition. - the packaging business at Crystal Pack continues to make losses in a tough and competitive industry. A conservative approach has accordingly been adopted with regard to this division and a number of once off write-offs and provisions, in excess of R9.5 million, have been made. In addition, plant and equipment at Crystal Pack has been impaired by R15.2 million. The turnaround initiatives at Crystal Pack have commenced with the relocation of the factory as well as the changing and reduction of personnel, both of which have resulted in substantial savings. The focus going forward will be on increasing turnover in the packaging segment. It should be noted that if the above once off events and charges are excluded from the second six month period, then the outsourcing segment has performed better than in the first six month period. The results for the year ended 30 June 2013 are expected to be released on SENS within the next week. The information detailed above has not been reviewed or reported on by the Company’s auditors. Johannesburg 1 October 2013 Designated Advisor Arcay Moela Sponsors Proprietary Limited Date: 01/10/2013 02:09:00 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.