SEPHAKU HOLDINGS LIMITED - Trading Statement

Trading Statement

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
("SepHold" or “the Company”)


TRADING STATEMENT – UNAUDITED INTERIM GROUP RESULTS FOR THE SIX MONTHS
ENDED 30 SEPTEMBER 2014

In terms of the JSE Limited (“JSE”) Listings Requirements, companies are required to publish a
trading statement as soon as they are satisfied that, with reasonable degree of certainty, that the
financial results for the period to be reported upon next will differ by at least 20% from those of the
previous corresponding reporting period. SepHold is in the process of finalising its interim results for
the six months ended 30 September 2014, which will be released on SENS on 3 November 2014 and
published in the press on 4 November 2014 (“interim results announcement”).

Accordingly, shareholders are advised that for the six months ended 30 September 2014:

-   Basic loss per share is expected to be between 1,90 and 2,00 cents compared to the basic
    earnings per share (EPS) of 3,32 cents reported for the six months ended 30 September 2013;
    and

-   Headline loss per share is expected to be between 1,95 and 2,05 cents compared to the headline
    earnings per share (HEPS) of 2,78 cents reported for the six months ended 30 September 2013.

The loss is mainly due to a once-off non-cash item that is included as provision for the final share
allocation (“Agterskot”) to the previous owners of Métier Mixed Concrete Proprietary Limited
calculated for the outstanding R100 million share acquisition payment based on the 60-day volume
weighted average price (“VWAP”) on 1 December 2014. Details of this once-off item will be provided
in the interim results announcement.

In order to provide further guidance to shareholders, this trading statement also addresses normalised
HEPS that is defined as reportable HEPS in terms of accounting standards, excluding once-off items.
The basic normalised HEPS for the six months ended 30 September 2014 is expected to be between
9,30 and 9,75 cents.

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


Centurion
30 October 2014
_______________________________________________________________________
Enquiries contact: Sakhile Ndlovu              Sephaku Holdings           Investor Relations          012 612 0210

Sponsor to Sephaku Holdings: Questco (Pty) Ltd

About Sephaku Holdings Limited

Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the
cement sector in South Africa. The company’s core investments are a 36% stake in Sephaku Cement (Pty) Ltd (“SepCem”) and
100% in Métier Mixed Concrete (Pty) Ltd (“Métier”). The strategy of SepHold is to generate growth and realise value for
shareholders through the production of cement and ready mixed concrete in Southern Africa.

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