YORK TIMBER HOLDINGS LIMITED - Trading statement

Trading statement

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
("York" or “the Company”)

TRADING STATEMENT

York is in the process of finalising its interim results
for the six months ended 31 December 2014 for release by 31
March 2015.

In terms of paragraph 3.4(b) of the Listings Requirements
of the JSE Limited, companies are required to publish a
trading statement as soon as they become reasonably certain
that the financial results for the period being reported on
will differ to those for the comparable reporting period by
more than 20%.

Operating profit for the 6 months ended 31 December 2014 is
likely to be between 55% and 65% higher than that reported
for the comparative period.

Net cash flow from operating activities is likely to be
between 95% and 105% lower than that reported for the
comparative period, mainly due to the timing of purchases
of imported plywood.

The biological asset valuation at 31 December 2014 exceeds
that at 31 December 2013, and the increase in the valuation
for the period exceeded the increase for the comparable
period.

Accordingly, shareholders are advised that:

•   earnings per share (“EPS”) for the 6 months ended 31
    December 2014 are expected to be between 425% and 445%
    higher than the EPS reported for the comparative period.
    EPS are expected to increase from 4 cents to between 21
    and 21.8 cents; and

•   headline earnings per share (“HEPS”) for the 6 months
    ended 31 December 2014 are expected to be between 425%
    and 445% higher than the HEPS reported for the
    comparative period. HEPS are expected to increase from 4
    cents to between 21 and 21.8 cents.

Shareholders are advised that the information included in
this announcement has not been reviewed or reported on by
the Company’s auditors.

Sabie, Mpumalanga
20 February 2015

Sponsor
One Capital

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