Trading Statement ROLFES HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/002715/06) Share Code: RLF & ISIN: ZAE000159836 ("the Company") TRADING STATEMENT In compliance with section 3.4(b) of the JSE Listings Requirements, the following trading statement is provided voluntarily to the market regarding the anticipated headline earnings per share ("HEPS") and earnings per share ("EPS") for the six months to 31 December 2014. Shareholders are hereby advised that during the period under review, the Company is reasonably certain that its consolidated results for the six months to 31 December 2014, in comparison to the results for the six months ended 31 December 2013, will reflect an increase in HEPS of between 12% and 17%, i.e. HEPS of between 22, 3 and 23,3 cents per share (December 2013: 19, 9 cents per share) and an increase in EPS of between 30% and 35%, i.e. EPS of between 22,2 and 23,1 cents per share (December 2013: 17, 1 cents per share). The information in this trading statement has not been reviewed or reported on by the Company’s auditors. The Company expects to publish its unaudited interim financial results for six months to 31 December 2014 on SENS by close of business on 23 February 2015. Johannesburg 9 February 2015 Sponsor: Grindrod Bank Limited Date: 09/02/2015 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.