Trading Statement Howden Africa Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/002982/06) Share code: HWN ISIN: ZAE000010583 ("HAHL") Trading update In terms of the Listings Requirements of the 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 be more than 20% different from that of the previous corresponding period. Shareholders are advised that, we expect earnings per share and headline earnings per share from continuing operations to be in the range of between 453.85 cents and 502.66 cents for the year ended 31 December 2013, which compares with the earnings and headline earnings per share of 244.05 cents and 244.15 cents respectively from continuing operations for the year ended 31 December 2012. The improved results reflects further efficiency gains across the business, organic revenue growth and some large once-off short term projects. The financial information on which this trading statement is based has not been reviewed or reported on by HAHL's auditors. The results will be published after HAHL's board meeting on the 4th March 2014. 06 February 2014 Sponsor PricewaterhouseCoopers Corporate Finance (Proprietary) Limited Limited (Registration number 1970/003711/07) Date: 06/02/2014 03:55:00 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.