Letshego Holdings Limited - Letshego Holdings Limited Trading Announcement year end results 31 January 2014 - LHL01, 02, 03

Letshego Holdings Limited Trading Announcement year end results 31 January 2014 - LHL01, 02, 03

Letshego Holdings Limited
Incorporated in the Republic of Botswana
Registration number 98/442
(“Letshego Holdings” or “the Company”)

This announcement is being released on the Johannesburg Stock Exchange
for information purposes only in respect of Letshego Holdings
Limited’s Note Programme

TRADING ANNOUNCEMENT – Year End Financial Results

Letshego Holdings Limited is a leading provider of unsecured consumer
loans and other financial services, is listed on the Botswana Stock
Exchange, is  Botswana  International  Financial   Services  Centre
accredited and has operations in 10 African countries in Southern and
Eastern Africa.

The Board of Directors of the Company would like to provide an update
to Shareholders that the financial results for the year ended 31
January 2014 are expected to show good growth in loans and advances to
customers; however profits are expected to be flat year on year. This
is a result of the pressure on margins and various strategic
investments in technology and group expansion initiatives. Earnings
per share will be lower due to the conversion of a loan to equity
earlier in the financial year.

Features of the financial results include:

   - Strong growth in loans and advances in Botswana, Namibia and
     Mozambique
   - Continued investment in technology costs as part of introducing
     one platform and system
   - Higher cost base of Micro Africa group of companies while scale
     is being developed
   - Foreign exchange gains on open group positions
   - Impairment costs remain in line with prior periods
   - Impairment charge taken against assets in South Sudan due to
     political uncertainty and
   - Other once off costs

In line with Botswana Stock Exchange listing requirements, the Company
will publish the final audited financial results for the year ended 31
January 2014 once the external audit is finalised and all internal
governance processes are completed. This is expected to be on or
around 17 April 2014.

4 February 2014, Gaborone

Debt sponsor in South Africa
The Standard Bank of South Africa Limited, acting through its Corporate 
and Investment Banking division
Sponsoring broker in Botswana
Stockbrokers Botswana Limited

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