Trading Statement DENEB INVESTMENTS LIMITED (previously K2013091290 Proprietary Limited) Registration number: 2013/091290/06 (Incorporated in the Republic of South Africa) JSE share code: DNB ISIN: ZAE000197398 (“Deneb” or the “Company”) TRADING STATEMENT In terms of the Listing Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period. Deneb advises that for the year ended 31 March 2015 the Company expects its financial results to fall within the following ranges: 2015 % increase 2014 Cents Cents Earnings per share 37.91-38.38 1513%-1533% 2.35 Earnings per share from continuing operations 38.01-44.59 32.93 Earnings per share from discontinued operations (0.10)–(6.21) (30.58) 2015 % increase 2014 Cents Cents Headline earnings per share 27.12-27.99 523% - 543% 4.35 Headline earnings per share from continuing operations 27.41-33.29 29.37 Headline earnings per share from discontinued operations (0.29)-(5.30) (25.02) The financial information on which this trading statement is based has not been reviewed or reported on by the Company`s auditors. Shareholders are further advised that the results for the year ended 31 March 2015 are scheduled to be released on 21 May 2015. Cape Town 6 May 2015 Sponsor PSG Capital Date: 06/05/2015 03:40:00 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.