JD GROUP LIMITED - Cautionary Announcement And Trading Statement In Respect Of The Year Ended 30 June 2014

Cautionary Announcement And Trading Statement In Respect Of The Year Ended 30 June 2014

JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
("JD Group" or “the Company”)

CAUTIONARY ANNOUNCEMENT AND TRADING STATEMENT IN RESPECT OF
THE YEAR ENDED 30 JUNE 2014

CAUTIONARY ANNOUNCEMENT

In terms of paragraph 3.9 of the Listings Requirements,
shareholders of JD Group are hereby advised that the Company
has accepted an offer from an international consumer finance
provider to acquire, subject to due diligence and conditions
precedent, JD Group’s consumer finance division, excluding its
insurance operations (“JDFS Division”). Accordingly, the JDFS
division will be shown as discontinued operations in the
Audited June 2014 results. In terms of the confidentiality
undertaking contained in the offer, the identity of the
purchaser and contents of the offer cannot be disclosed until
the required due diligence has been completed and final
transaction documents are executed. A detailed announcement in
this regard is envisaged to be released in due course.

The sale of the JDFS Division (“the disposal”) will enable the
Company to focus on the strategic repositioning and growth of
its retail operations, whilst still availing its customers
with access to credible and affordable consumer finance. In
addition, the disposal will contribute to streamlining JD
Group’s retail and insurance operations, accompanied by the
benefit of a much reduced future funding requirement and
improved balance sheet structure.

Accordingly, shareholders are advised to exercise caution when
dealing in the Company’s securities until further notice.

TRADING STATEMENT

As required in terms of paragraph 3.4 of the JSE Limited’s
Listings Requirements (“Listings Requirements”), shareholders
are hereby advised that a reasonable degree of certainty
exists that the Company’s earnings per share for the year
ended 30 June 2014 will be a loss of between 850 and 870 cents
per share (30 June 2013: earnings of 276.3 cents per share),
whilst the headline loss per share for the same period will be
between 550 and 570 cents per share (30 June 2013: headline
earnings of 395.2 cents per share). The earnings per share
from continuing operations for the year ended 30 June 2014
will be earnings of between 70 and 80 cents per share (30 June
2013: earnings of 271.8 cents per share), whilst the headline
earnings per share from continuing operations for the same
period will be between 90 and 100 cents per share (30 June
2013: headline earnings of 397.1 cents per share).

The financial information in this trading statement has not
been reviewed or reported on by JD Group’s auditors. The final
results for the year ended 30 June 2014 will be published on
or about 8 September 2014.

1 September 2014
By order of the Board
Johannesburg
Sponsor: PSG Capital Proprietary Limited

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