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W G WEARNE LIMITED - Trading Update

Release Date: 22/05/2015 10:27
Code(s): WEA     PDF:  
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Trading Update

W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company”)


Trading Statement

In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are
required to publish a trading statement as soon as a reasonable degree of certainy exists that the
financial results for the period to be reported on will differ by more than 20% from the previous
corresponding period.

Shareholders are advised that Wearne is currently in the process of finalising its results for the
the year ended 28 February 2015. It is anticipated, with a reasonable degree of certainty, that
Wearne will reflect a headline loss per share of between 2.6 cents and 3.0 cents (headline loss of
6.07 cents per share year ended 28 February 2014) which equates to a decrease in the loss of
between 50% and 57%. It is also anticipated, with a reasonable degree of certainty, that Wearne
will reflect a basic loss per share of between 2.0 cents and 2.4 cents per share (basic earnings of
3.69 cents per share for year ended 28 February 2014) which equates to an decrease of between
155% and 165%.

The financial information on which this trading statement is based has not been reviewed by
Wearne’s auditors.

The Company’s financial results for the year ended 28 February 2015 are expected to be
released at the end of May.


22 May 2015
Randburg

Designated Advisor
Exchange Sponsors

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