PRESCIENT LIMITED - Trading Statement

Trading Statement

Prescient Limited
Incorporated in the Republic of South Africa
Registration number: 1936/008278/06
Share Code: PCT         ISIN: ZAE000163531
("Prescient" or "the Company")



TRADING STATEMENT

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, shareholders are advised
that Prescient expects to release earnings per share (“EPS”) and headline earnings per share (“HEPS”)
for the year ended 31 March 2014, within the ranges shown below, in relation to the comparative period,
being the year ended 31 March 2013:

                                             Expected ranges                      Actual

                                               31 March 2014               31 March 2013

EPS (cents per share)                             4.00 – 4.10                       7.34

HEPS (cents per share)                            6.50 – 6.60                       7.51



During the year under review Prescient sold its entire shareholding in Prescient Asset Management
Holdings (Ireland) (“Prescient Ireland”). Prescient Ireland has been reflected as a discontinued operation
in the results for the year ended 31 March 2014. Included in total EPS is a loss on the discontinued
operation of R48.7 million equating to a loss of 3.12 cents per share. Included in this amount is an
impairment of goodwill of R31.1 million and a loss on sale of R11.0 million being adjustments to headline
earnings.

Note that the weighted average number of shares in issue for the 12 months ended 31 March 2014 was
1 565 528 451, whilst the comparative period weighted number of shares in issue was 1 396 375 360.




EPS and HEPS from continuing operations is expected to be within the ranges shown below:

                                                                       Actual restated
                                             Expected ranges
                                                                 continuing operations
                                               31 March 2014
                                                                         31 March 2013

EPS (cents per share)                            7.10 – 7.20                      6.88

HEPS (cents per share)                           6.90 – 7.00                      7.05




Local assets under management (“AUM”) remain stable at 31 March 2014, being R59.1 billion in
comparison to R59.6 billion reported at 31 March 2013. Local assets under administration (“AUA”) have
increased from R15.8 billion at 31 March 2013 to R31.1 billion at 31 March 2014 The Irish domiciled
administrator (Stadia Fund Management) had AUA at 31 March 2014 of €1.2 billion (31 March 2013:
€821.9 million) which is not included in local AUA.

The financial information on which this trading statement is based has not been reviewed or reported on
by the Company’s auditors. Prescient’s results for the year ended 31 March 2014 are expected to be
published on 30 June 2014.




Cape Town
27 June 2014
Sponsor: Bridge Capital Advisors (Pty) Limited

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