Trading statement for the six months ended 31 March 2015 Indequity Group Limited Incorporated in the Republic of South Africa Registration number 1998/015883/06 Share code: IDQ ISIN Code ZAE000016606 (“Indequity” or “the Group” or “the Company”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2015 Indequity is currently finalising its results for the six months ended 31 March 2015. In terms of section 3.4(b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from those for the previous corresponding period. Accordingly, Indequity shareholders are advised that: - the Group's basic earnings per share (“EPS”) is expected to be between 26.754 and 30.576 cents per share, which is between 40% and 60% higher than the previous corresponding period’s EPS of 19.11 cents per share; and - the Group’s headline earnings per share (“HEPS”) is expected to be between 27.006 and 30.864 cents per share, which is between 40% and 60% higher than the previous corresponding period’s HEPS of 19.29 cents per share. The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s auditors. Johannesburg 15 April 2015 Sponsor: KPMG Services (Pty) Ltd Date: 15/04/2015 10:47:00 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.