Trading statement POYNTING HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1997/011142/06) Share code: POY ISIN: ZAE000121299 (“Poynting” or “the Company” or “the Group”) TRADING STATEMENT In terms 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 to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six months ended 31 December 2014 (“the Reporting Period”) by management has indicated that: - the earnings per share (“EPS”) is expected to be between 19.4 cents and 20.2 cents, reflecting an increase of between 373% and 393% compared to the EPS of 4.1 cents for the six months ended 31 December 2013; - the headline earnings per share (“HEPS”) is expected to be between 17.5 cents and 18.3 cents, reflecting an increase of between 327% and 347% compared to the HEPS of 4.1 cents for the six months ended 31 December 2013; and - the adjusted headline earnings per share (“AHEPS”) for continuing operations, in which headline earnings is adjusted to eliminate the impact of the fair value adjustment of the contingent consideration of the Aucom deferred shares, is expected to be between 4.1 cents and 6.3 cents for the six months ended 31 December 2014. The results for the Reporting Period do not provide a realistic indicator of Group performance due to the following reasons: - The Defence division showed strong revenue growth but this was to a large extent offset by losses in the Commercial, New Projects and CCS divisions, which were sold as part of the Composite Transaction as announced on SENS on 22 December 2014, and which results are still consolidated for this Reporting Period. The benefits of the Composite Transaction and the Specific Repurchase, which was announced on SENS on 22 December 2014 will be realised only in the second half of the 2015 financial year; - The Digital TV business is by its nature lumpy and a full year review is required to evaluate performance; - The Reporting Period included significant once-off transaction costs; and - Both EPS and HEPS are impacted by the requirement of IFRS to fair value the Aucom deferred consideration shares, which benefited from the reduction in the Poynting share price over the Reporting Period. It is for this reason that management is presenting AHEPS, which is a better indicator of underlying business performance. It is important for the Shareholders of Poynting to consider the detailed commentary in the financial results for the six months ended 31 December 2014 when these are made available. The financial information on which this trading statement is based has not been reviewed or reported on by Poynting’s auditors. Poynting’s interim financial results are expected to be released on SENS on or about 5 March 2015. Johannesburg 26 February 2015 Designated Adviser Merchantec Capital Date: 26/02/2015 03:23:00 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.