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Trdaing Update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the company”)
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware, with a reasonable degree of
certainty, that the financial results for the next period to be reported on are likely to vary by more
than 20% from the previous corresponding period.
The company expects an increase of not less than 35% in earnings per share (“EPS”) and not less than
30 % in headline earnings per share ("HEPS") for the 12 months ending 28 February 2015 when
compared to the reported EPS and HEPS of the corresponding period of 83.16 cents per share.
Due to various property development industry related factors, Calgro M3 is currently unable to
quantify the range of the increase in the HEPS and EPS with any degree of certainty. The company
did not undertake any corporate action during the current financial year.
Calgro M3 is also proud to announce the commencement of the South Hills and Belhar Projects.
These integrated residential developments will consist of 5 327 housing units in the South Hills
precinct and 3 609 housing units in the Belhar precinct. The South Hills project, located 6km south of
the city`s central business district, is being undertaken in partnership with City of Johannesburg, and
Standard Bank with estimated revenue of R1,95 billion. The Belhar project is adjacent to the
University of the Western Cape and the Cape Peninsula University of Technology in the Belhar CBD
and 2km from the Cape Town International Airport with estimated revenue of R1,21 billion.
The financial information on which this trading statement is based has not been reviewed or
reported on by the company’s auditors.
Johannesburg
5 December 2014
Sponsor
Grindrod Bank Limited
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