MASTER DRILLING GROUP LTD - Trading Statement

Trading Statement

Master Drilling Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2011/008265/06)
JSE share code: MDI  ISIN: ZAE000171948
(“the Company” or “Master Drilling”)

TRADING STATEMENT

Shareholders are advised that the Company expects to report the
following for the year ended 31 December 2013 (“2013 Year End
Results”):


  -   earnings per share (“EPS”) in ZAR to be between 96.3 and
      100.5 South African cents in comparison to that of the prior
      comparative period of 82.1 South African cents;
  -   headline earnings per share (“HEPS”) in ZAR to be between
      97.3 and 101.2 South African cents in comparison to that of
      the prior comparative period of 77.3 South African cents;
  -   EPS in USD to be between 10.0 and 10.4 US cents in
      comparison to that of the prior comparative period of 9.4 US
      cents; and
  -   HEPS in USD to be between 10.1 and   10.5 US cents in
      comparison to that of the prior comparative period of 8.9 US
      cents.

In assessing the EPS and HEPS for the year ended 31 December 2013,
shareholders should note that during the 2012 financial year,
Master Drilling had an average of 13 059 916 ordinary shares in
issue. During the restructuring and listing of Master Drilling
additional shares were issued during the second half of 2012.
Master Drilling currently has 148 265 491 ordinary shares   in
issue.


The main reasons for the increase in earnings are the Company’s
strategy to diverse globally. New contracts in Africa have started
to contribute to revenue. The Company’s strong organic growth in
Latin   America during the 2013 financial year   along with the
controlling of costs has resulted in an increase in profit
margins.

The financial information on which this trading statement is based
has not been reviewed or reported upon by the Company’s auditors.

The 2013 Year End Results are expected to be published on or about
31 March 2014.

Fochville
26 March 2014

Sponsor
Sasfin Capital
A Division of Sasfin Bank Limited

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