Updated Trading Statement Nutritional Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 2004/002282/06) Share Code: NUT ISIN: ZAE000156485 (“Nutritional Holdings” or “the Company”) UPDATED TRADING STATEMENT In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period. Shareholders are hereby advised that further to the trading statement released on 25 April 2014, the Company is expecting it’s basic loss per share attributable to ordinary shareholders for the year ended 28 February 2014 to improve by between 54% and 74% as compared to those reported for the previous corresponding period and the headline loss per share attributable to ordinary shareholders for the year ended 28 February 2014 to improve by between 13% and 33% compared to headline loss per share for the previous corresponding period. The information in this trading statement has neither been reviewed nor reported on by the Company’s external auditors. The financial results for the year ended 28 February 2014 are expected to be released on or about 28 May 2014. Durban 13 May 2014 Designated Adviser – PSG Capital Proprietary Limited Date: 13/05/2014 05:05:00 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.