AFROCENTRIC INVESTMENT CORP LIMITED - Trading statement

Trading statement

AFROCENTRIC INVESTMENT CORPORATION LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1988/000570/06)

JSE Code: ACT, ISIN: ZAE000078416

(“AfroCentric” or “the Company”)



TRADING STATEMENT

In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, a listed

company is required to issue a Trading Statement as soon as it is satisfied that a reasonable

degree of certainty exists that headline earnings per share and/or earnings per share, for the

next reporting period will differ by at least 20% from those of the previous corresponding

period.



Management has always been of the view that diluted earnings and diluted headline

earnings per share provides the most relevant measurement for the group's operational

performances, particularly in this period, given the number of shares issued during the year

for the second tranche payments and the redemption of the Preference shares. The

following guiding estimates are accordingly provided for the year ended 30 June 2014.



                                                           June 2014              June 2013
                                                            Guidance*        cents per Share


    Diluted headline earnings                     65% to 70% increase                   28.62
    Diluted basic earnings                       10% to 12 % increase                   36.11

    Headline earnings                              0% to 2% decrease                    48.15
    Basic earnings #                             30% to 35% decrease                    60.75




*All based on weighted average number of shares in issue

# Decrease substantially arising from impairment of investment
The financial information on which this Trading Statement is based has not been reviewed or

reported on by Afrocentric's Auditors. The Audited Annual Financial Results for the year

ended 30 June 2014 are expected to be published on or about 30 September 2014.



Johannesburg

11 September 2014



Sponsor:
Sasfin Capital
(a division of Sasfin Bank Limited)

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