Further Trading Statement PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) JSE share code: PGR ISIN: ZAE000078127 (the “company”) FURTHER TRADING STATEMENT Shareholders are referred to the trading statement published on SENS on 23 March 2015 in which shareholders were advised that more specific information relating to the increase in the headline earnings per share and basic earnings per share for the year ended 31 March 2015 (the “current period”) would be provided to shareholders as soon as there is a reasonable degree of certainty, as required by the JSE Listings Requirements. Accordingly, shareholders are advised that headline earnings per share (“HEPS”) (both IFRS and normalised) and basic earnings per share (“EPS”) (both IFRS and normalised) for the current period are expected to be higher than those for the year ended 31 March 2014 (the “comparative period”) as set out below. Current period - expected Comparative period Percentage increase over - actual comparative period IFRS HEPS Between 265 cents per share and 211.5 cents per share Between 25% and 30% 275 cents per share Normalised HEPS Between 265 cents per share and 198.2 cents per share Between 34% and 39% 275 cents per share IFRS EPS Between 320 cents per share and 214.1 cents per share Between 50% and 54% 330 cents per share Normalised EPS Between 320 cents per share and 200.8 cents per share Between 59% and 65% 330 cents per share The information on which this trading statement is based has not been reviewed or reported on by the company’s auditors. The audited results for the year ended 31 March 2015 will be published on SENS on 10 June 2015. 28 May 2015 Joint sponsor Java Capital Joint independent sponsor Deloitte & Touche Sponsor Services (Pty) Ltd Date: 28/05/2015 12:00:00 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.