Updated Trading Statement and Appointment of Company Secretary NUTRITIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 2004/002282/06) Share Code: NUT ISIN: ZAE000156485 ("Nutritional Holdings" or “the Company”) UPDATED TRADING STATEMENT AND APPOINTMENT OF COMPANY SECRETARY UPDATED TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period. Shareholders are advised that further to the trading statement released on SENS on Tuesday, 7 October 2013, the Company is expecting it’s basic loss per share for the six months ended 31 August 2013 to improve by between 57% and 67% compared to the loss per share for the previous corresponding period and the headline loss per share for the six months ended 31 August 2013 to improve by between 57% and 67% compared to headline loss per share for the previous corresponding period. Improvements in the Companies operating loss were largely as a result of the operational efficiency and business improvement initiatives presented at the year-end announcement made in May 2013. These initiatives remain priority and are expected to continue to bear fruit in the future. The Companies gearing remains low at 13.7%, calculated as at 31 August 2013. The information in this trading statement has neither been reviewed nor reported on by the Company’s external auditors. The financial results for the six months ended 31 August 2013 are expected to be released on or about 21 October 2013. APPOINTMENT OF COMPANY SECRETARY In compliance with paragraph 3.59 (a) of the Listings Requirements of the JSE Limited, shareholders are advised that, with effect from 14 October 2013 Mrs. Jenny Etchells (“Jenny”) has been appointed as Company Secretary, replacing Ms Giordana Verga who resigned, effective 30 September 2013. Jenny is a Chartered Accountant (SA) as well a Master Tax Practitioner (SA). She holds a BCompt(Hons) degree as well as a Hdipptax degree. Jenny qualified as a Chartered Accountant(SA) in 1987 and has worked in the audit, tax and accounting industry for 28 years, 20 years of which as a Partner of Deloitte’s, BDO Spencer Steward and her own Auditing Practice. She has 10 years audit experience with 3 JSE listed companies. In addition, Jenny served as the Financial Director of two JSE listed companies, Argent Industrial Limited and subsequently Nutritional Holdings Limited for 3 and half years. During her time in both the audit, tax and accounting industry as well as in her position as Financial Director, she gained a vast amount experience in the requirements needed to fill the position as a Company Secretary. Umhlanga 15 October 2013 Designated advisor: PSG Capital Proprietary Limited Date: 15/10/2013 04:05:00 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.