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PURPLE GROUP LIMITED - Trading statement and cautionary announcement

Release Date: 10/04/2014 16:00
Code(s): PPE     PDF:  
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Trading statement and cautionary announcement

Purple Group Limited

(Formerly Purple Capital Limited)

(Incorporated in the Republic of South Africa)

(Registration number 1998/013637/06)

Share code: PPE ISIN: ZAE000185526

(“Purple” or “the Company”)

TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT

In terms of paragraph 3.4(b) of the JSE Limited (“JSE”) Listings Requirements, companies are required to
publish a trading statement as soon as the issuer and its directors are satisfied that there is a reasonable
degree of certainty that the financial results for the next reporting period will differ by at least 20% from
those of the previous corresponding period. Shareholders are advised that Purple’s interim financial
results for the six months ended 28 February 2014 are expected to show an increase of greater than
20% when compared with the corresponding period in 2013.
The directors of Purple anticipate that the basic earnings per share for the six months ended 28
February 2014 will be 1.03 cents per share compared to the basic earnings per share of 0.15 cents
reported for the previous corresponding period, and headline earnings per share will be 1.03 cents per
share compared to headline earnings per share of 0.15 cents reported for the previous corresponding
period being the six months ended 28 February 2013.
The financial information on which this trading statement is based has not been audited or reported on
by the Company’s auditors.

CAUTIONARY ANNOUNCEMENT

As detailed in our published results for the year ended 31 August 2013, Purple Group wrote down its
investment in an empowerment vehicle (Blockbuster Trading) holding a stake in Real People Investment
Holdings (Pty) Ltd (“RPIH”), by R18.7 million, in line with RPIH’s publicly listed peers.
Purple Group is currently negotiating its exit from this investment, primarily with the funders of the
investment vehicle. Discussions are at an early stage and as such we are unable to assess the negative
financial impact that these negotiations could have on the carrying value of this investment, currently
R21.6 million, net of deferred tax, and the results of the Purple Group.

The Company will communicate the outcome of our negotiations as well as the impact on the Purple
Group as soon as practicable.
The impact of the above negotiations could have a material effect on the price of the Purple Group’s
securities. Accordingly, shareholders are advised to exercise caution when dealing in the Purple Group’s
securities until a further announcement is made.

The Company`s unaudited financial results for the six months ended 28 February 2014 are expected to
be published on 10 April 2014.

Johannesburg

10 April 2014

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

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