Trading statement CONDUIT CAPITAL LIMITED Incorporated in the Republic of South Africa (Registration number 1998/017351/06) Share code: CND ISIN: ZAE000073128 (“Conduit” or “the group”) TRADING STATEMENT In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than twenty percent from that of the previous corresponding period. Accordingly, a review by management of the financial results for the year ended 31 August 2013 has indicated that attributable earnings, headline earnings, earnings per share (“EPS”), headline earnings per share (“HEPS”), net asset value per share (“NAV”) and tangible net asset value per share (“TNAV”) are expected to be as follows: Unaudited Audited year ended year ended Percentage 31 Aug 2013 31 Aug 2012 Change increase Attributable earnings (R’000) 39 625 32 156 7 469 23.2% Headline earnings (R’000) 39 980 32 163 7 817 24.3% EPS (cents) 15.5 12.7 2.8 22.0% HEPS (cents) 15.6 12.7 2.9 22.8% NAV (cents) 122.5 107.5 15.0 14.0% TNAV (cents) 104.2 89.2 15.0 16.8% Number of shares in issue, net of treasury shares ('000) 256 377 254 777 Weighted average number of shares ('000) 255 982 254 181 Note: The financial information on which this trading statement is based has not been reviewed or reported on by the group’s auditors. Conduit’s audited results for the year ended 31 August 2013, incorporating further commentary on all operating units, are expected to be released on or before 19 November 2013. Johannesburg 7 November 2013 Sponsor Merchantec Capital Date: 07/11/2013 04:08:00 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.