Trading Statement ROLFES HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2000/002715/06) Share Code: RLF & ISIN: ZAE000159836 ("Rolfes" or "the Company") TRADING STATEMENT In compliance with section 3.4(b) of the JSE Listings Requirements, the following trading statement is provided to the market regarding the anticipated earnings per share ("EPS") and headline earnings per share ("HEPS") for the year ended 30 June 2015. The Company is in the process of finalising its results for the year ended 30 June 2015 and is reasonably certain that it will report EPS of 36.5 cents per share, an increase of 35.2% in comparison to EPS of 27.0 cents per share reported in respect of the year ended 30 June 2014. The Company is reasonably certain that it will report HEPS of 38.2 cents per share, an increase of 5.5% in comparison to HEPS of 36.2 cents per share reported in respect of the year ended 30 June 2014. Shareholders are advised that the results for the year ended 30 June 2015 will include a restatement of comparative figures in respect of the year ended 30 June 2014. This will result in restated HEPS of 29.3 cents per share. EPS will remain unchanged. The restatement is as a result of the reporting period ended 30 June 2014 where the group accounted for discontinued operations resulting from the closure of its Resins business. Following a review of the Annual Report by the JSE through its Pro-Active Monitoring process and advice the JSE received from the FRIP and shared with the Company, the Company decided to restate the transaction and include the discontinued Resins business as part of continued operations and headline earnings. In addition, the loss incurred by the group on the accounting of its loss on associate is now added back in calculating headline earnings. The effect on headline earnings is reflected below: Reconciliation of Headline Earnings Restated Reported Effect 2014 2014 '000 '000 '000 Attributable Earnings 29170 29170 - Adjusted for after tax effects of: Loss/Gain on disposal of plant and equipment 2467 2467 - Loss on Discontinued Operations - 7071 (7071) Loss on Associate - 387 (387) Headline Earnings 31637 39095 (7458) Earnings per share Basic 27 27 0 Headline 29.3 36.2 (6.9) The information in this trading statement has not been reviewed or reported on by the Company’s auditors. The Company’s reviewed financial results for the year ended 30 June 2015 are expected to be published on SENS on 21 September 2015. Johannesburg 18 September 2015 Sponsor: Grindrod Bank Limited Date: 18/09/2015 02:28:00 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.