Trading Statement Nutritional Holdings Limited (Registration number 2004/002282/06) (Incorporated in the Republic of South Africa) Share Code: NUT ISIN: ZAE000156485 (“Nutritional Holdings” or “the Company”) TRADING STATEMENT In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period. Shareholders are hereby advised that the basic earnings per share and headline earnings per share attributable to ordinary shareholders for the year ended 28 February 2015 are expected to improve by more than 20% compared to that reported for the previous corresponding period. At this stage, the Company is unable to quantify, with a reasonable degree of certainty, the specific number, percentage or range to describe the difference and an updated trading statement will therefore be released once the Company is able to quantify the expected number, percentage or range of the improvement in the financial results. The information contained in this trading statement has neither been reviewed nor reported on by the Company’s external auditors. Umhlanga 21 April 2015 Designated adviser: PSG Capital Proprietary Limited Date: 21/04/2015 11:15:00 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.