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REMGRO LIMITED - Trading Statement

Release Date: 08/09/2014 16:00
Code(s): REM     PDF:  
Wrap Text
Trading Statement

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
("Remgro" or "the Company")

TRADING STATEMENT

Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited ("JSE Listings Requirements")
requires companies to publish a trading statement as soon as they become reasonably certain that
their financial results for the period to be reported upon next will differ by at least 20% from those
of the previous corresponding period.

Remgro's results for the year ended 30 June 2014 are due to be released on the Stock Exchange
News Service on or about 17 September 2014. In compliance with the JSE Listings Requirements,
Remgro shareholders are advised that Remgro's reported headline earnings per share ("HEPS") is
expected to be between 56% and 60% higher than the HEPS of the comparative year ended
30 June 2013.

As previously reported, Mediclinic International Limited ("Mediclinic") incurred material once-off
charges relating to the refinancing of its Swiss and South African debt during the previous financial
year. Remgro's share of these once-off items included in its results for the year ended 30 June 2013
amounted to a loss of R1 312 million. Excluding the effect of the once-off items relating to
Mediclinic's refinancing transaction, Remgro's HEPS for the year ended 30 June 2014 is expected
to be between 18% and 22% higher than the HEPS of the comparative year ended 30 June 2013.

Shareholders were informed during March 2014 that Remgro implemented certain new and revised
IFRS accounting standards, which resulted in the restatement of its results for the comparative year
ended 30 June 2013. It should be noted that the restated results are used as basis for the guidance set
out above.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company's external auditors.


Stellenbosch
8 September 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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