TREMATON CAPITAL INVESTMENTS LTD - Trading statement for the year ended 31 August 2014

Trading statement for the year ended 31 August 2014

Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Trematon group")


TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2014

Shareholders are hereby advised that the Trematon group is currently
finalising its annual final results for the year ended 31 August
2014.

The Trematon group expects:

  -   basic earnings per share for the year ended 31 August 2014 to
      be between 24.0 cents and 25.0 cents, which is between 17.8%
      and 14.4% lower than that of the previous comparable period's
      29.2 cents; and
  -   headline earnings per share (“HEPS”) for the year ended 31
      August 2014 to be between 4.2 cents and 4.5 cents, which is
      between 44.0% and 40.0% lower than that of the previous
      comparable period's HEPS of 7.5 cents; and
  -   net asset value per share for the year ended 31 August 2014 to
      be between 165 cents and 168 cents, which is between 10.7% and
      12.8% higher than that of the previous comparable period’s 149
      cents; and
  -   intrinsic net asset value per share for the year ended 31
      August 2014 to be between 310 cents and 320 cents, which is
      between 44.9% and 49.5% higher than that of the previous
      comparable period’s 214 cents.

The large decrease in HEPS is mainly due to the Trematon group not
disposing of any of its investment properties during the year. The
Trematon group has concentrated on growing the value of its assets
through effective property management and well priced acquisitions
that   will   produce   sustainable   future  growth  and   capital
appreciation. This is evident in the increase in intrinsic market
value of the properties and investments held.

Further details will be provided in the final Trematon group results
for the year ended 31 August 2014, due to be published on SENS on or
about 20 November 2014.

The Financial information on which this trading statement is based
has not been reviewed or reported on by the Group's auditors in
accordance with either 3.4b(viii)(1)(aa) or 3.4b(viii)(1)(bb) of the
Listings Requirements of the JSE Limited.


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

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