MASONITE (AFRICA) LIMITED - Trading update

Trading update

Masonite (Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1942/015502/06)
Share Code: MAS ISIN: ZAE000004289
("Masonite" or “the company”)

TRADING UPDATE

Shareholders are advised that the company expects basic and
diluted earnings per share for the six months ended 30 June
2015 to be between 205% and 215% lower, and headline and
diluted headline earnings per share to be between 230% and
240% lower than the prior comparative period.

The ranges are as follows:

-   basic loss per share between 120c and 130c (2014 earnings:
    114c);
-   headline loss per share between 150c and 160c (2014:
    headline earnings 115c);
-   diluted loss per share between 120c and 130c (2014 diluted
    earnings: 114c); and
-   diluted headline loss per share between 150c and 160c
    (2014 diluted headline earnings: 115c).

The decline in earnings per share when compared to those
reported for the previous corresponding period is mainly due
to lower production volumes, increase in provision for slow
moving and obsolete inventory and once off product quality
claim, partially offset by insurance proceeds in respect of
mill explosion in June 2014.

The abovementioned information has not been reviewed and
reported on by the company’s external auditors. Masonite’s
results for the six months ended 30 June 2015 are expected to
be released on or about 30 September 2015.


Durban

25 September 2015


Sponsor

Nedbank CIB

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