TRENCOR LIMITED - Trading statement

Trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor")


TRADING STATEMENT

Shareholders are advised that earnings per share ("EPS") and headline earnings per share
("HEPS") for the six months ended 30 June 2015 are expected to be within the ranges set out
below:

                                                                                     6 months
                                                     6 months ended 30 June      ended 30 June
                                                              2015                       2014
                                                            Expected                    Actual
                                                     % increase           cps             cps
Adjusted HEPS (which excludes net unrealised
foreign exchange gains on translation of long-term
receivables)                                         19,2 - 28,7     250 - 270            209,7
HEPS                                                 24,4 - 33,8     265 - 285            213,0
Basic EPS                                            24,4 - 33,8     265 - 285            213,0

Period-end rate of exchange: SA rand to US dollar                        12,25            10,57
Average rate of exchange for the period                                  11,83            10,65


The results of Textainer Group Holdings Limited (NYSE: TGH), in which Trencor has a 47,9%
beneficiary interest, can be accessed on its website www.textainer.com.

Textainer’s net profit for the six months ended 30 June 2015, adjusted to conform with
International Financial Reporting Standards, was US$76,1 million compared to US$73,1 million
in the same period in 2014.

The financial information on which this trading statement is based has not been reviewed and
reported on by Trencor’s independent auditors. The interim results in respect of the six months
ended 30 June 2015 are expected to be published on the Stock Exchange News Service on or
about 13 August 2015.

ON BEHALF OF THE BOARD

NI JOWELL Chairman

4 August 2015

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net

Date: 04/08/2015 03:55:00 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.