Sharenet Sites 
Sharenet Sites
Trading update
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the company”)
TRADING UPDATE
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware, with a reasonable degree of
certainty, that the financial results for the next period to be reported on are likely to vary by more
than 20% from the previous corresponding period.
Calgro M3 wishes to advise shareholders that the company’s headline earnings per share (“HEPS”)
for the six months ended 31 August 2015 is expected to be between 61.15 cents per share and 71.35
cents per share, compared to HEPS of 50.97 cents per share reported in the previous corresponding
period, equating to an increase of between 19.97% and 39.98%.
Earnings per share (“EPS”) for the six months ended 31 August 2015 is expected to be between 60.66
cents per share and 71.84 cents per share compared to 55.90 cents per share reported in the
previous corresponding period, equating to an increase of between 8.52% and 28.52%.
The difference in HEPS and EPS is due to a fair value adjustment in the previous comparative period
resulting from the buyout of the 24% joint venture partner, International Housing Solutions, in the
Summerset project (Clidet No 1014Proprietary Limited).
Other than the executive share scheme, ESOP and BEE trusts that were approved by shareholders at
the annual general meeting on 29 July 2015, the company did not undertake any further corporate
action during the current six months ended 31 August 2015.
The financial information on which this trading statement is based has not been reviewed or
reported on by the company’s auditors.
Johannesburg
30 September 2015
Sponsor
Grindrod Bank Limited
Date: 30/09/2015 01:26:00 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.
