Trading Statement Prescient Limited Incorporated in the Republic of South Africa Registration number: 1936/008278/06 Share Code: PCT ISIN: ZAE000163531 ("Prescient" or "the Company") TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, shareholders are advised that Prescient expects to release earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the 6 months ended 30 September 2013, within the ranges shown below, in relation to the comparative period, being the 6 months ended 30 September 2012: Expected ranges Actual 30 September 2013 30 September 2012 EPS (cents per share) 0.90 – 1.00 4.24 HEPS (cents per share) 2.90 – 3.00 4.24 Further to the announcement released on 18 November 2013 regarding the disposal of the entire issued share capital of Prescient Asset Management Holdings (Ireland) (“Prescient Ireland”), Prescient Ireland will be reflected as a discontinued operation in the interim results for the 6 months ended 30 September 2013. Included in total EPS is an impairment of goodwill of R31.1m associated with Prescient Ireland. This impairment has an impact on EPS of 2.0 cents per share. This impairment is not recognised in HEPS. EPS from continuing operations is expected to be within the ranges shown below: Actual restated Expected ranges continuing operations 30 September 2013 30 September 2012 EPS (cents per share) 3.35 – 3.45 4.14 HEPS (cents per share) 3.35 – 3.45 4.14 The decrease in HEPS from continuing operations is despite an increase in profit after tax from continuing operations for the 6 months ended 30 September 2013 by between 9% and 13% in relation to the comparative period. Note that the weighted average number of shares in issue for the 6 months ended 30 September 2013 was 1,557,993,785, whilst the comparative period weighted number of shares in issue was 1,196,554,992 after the reverse acquisition of PBT on 20 August 2012, resulting in the listing of Prescient on the JSE. Local assets under management (“AUM”) remain stable at 30 September 2013, being R57.8 billion in comparison to R59.6 billion reported at 31 March 2013 and the prior comparative period (30 September 2012) of R75.2 billion, primarily due to our termination of the Nedgroup Investments mandates during October 2012. Local assets under administration (“AUA”) have increased from R15.8 billion at 31 March 2013 to R18.1 billion at 30 September (Sep 2012: R11.9 billion). The Irish domiciled administrator (Stadia Fund Management) had AUA at 30 September 2013 of €279.4 million (September 2012: €276.6 million) which is not included in local AUA. The financial information on which this trading statement is based on has not been reviewed or reported on by the Company’s auditors. Prescient’s interim results for the 6 months ended 30 September 2013 are expected to be published on or about 28 November 2013. Cape Town 22 November 2013 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 22/11/2013 04:13:00 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.