BEIGE HOLDINGS LIMITED - Update on publication of interim results for the six months ended 31 December 2014 and Trading Statement

Update on publication of interim results for the six months ended 31 December 2014 and Trading Statement

Beige Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1997/006871/06)
Share code: BEG ISIN code: ZAE000034161
("Beige" or "the Company" or “the Group”)

UPDATE ON PUBLICATION OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2014 AND
TRADING STATEMENT

Shareholders are advised that the results for the six months ended 31 December 2014 are in the
process of being reviewed by the Company's auditors as required in terms of paragraph 3.18(b) of
the JSE Listings Requirements.

The finalisation of the review has been delayed as a result of the Company being required to
obtain a detailed valuation of the property, plant and equipment (“PPE”) at the Chloorkop Cash
Generating Unit (“the Chloorkop assets”) and the QP Durban Cash Generating Unit (“the QP
Durban assets”) in terms of International Accounting Standard (IAS) 36, Impairment Assets.

The directors advise that the valuation has now been obtained and that the results show that the
'valuation in use' of both the Chloorkop assets and the QP Durban assets are substantially higher
than the carrying value of the assets as disclosed in the audited financial statements for the year
ended 30 June 2014.

The auditors have commenced their review of the results for the six months ended 31 December
2014 and are currently reviewing the valuation as well as going concern issues in accordance with
International Auditing Standard (ISA) 570. The Company accordingly only expects to release the
interim results on SENS on 30 April 2015.

Trading Statement
In accordance with paragraph 3.4(b) of the Listings Requirement of the Johannesburg Stock
Exchange, shareholders are advised that for the six month period ended 31 December 2014:

-   The headline loss per share is expected to reflect a decrease of between 98% (-2.36 cents per
    share) and 119% (-2.60 cents per share) when compared to the headline loss of -1.19 cents per
    share reported for the six month period ended 31 December 2013; and

-   The loss per share is expected to reflect a decrease of between 104% (-2.42 cents per share)
    and 125% (-2.68 cents per share) when compared to the loss of -1.19 cents per share reported
    for the six month period ended 31 December 2013.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company's auditors.

Durban
21 April 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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