BEIGE HOLDINGS LIMITED - Trading Statement

Trading Statement

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE 000034161         Share code: BEG


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of the Johannesburg Stock Exchange, Beige
shareholders are advised that the company’s financial results for the year ended 30 June 2015 are expected to show an
improvement of more than 20% over the previous corresponding period.

Shareholders are advised to note the impact of the claw-back offer whereby an additional effective 3 000 000 000 shares
(2 912 375 983 new shares plus 87 624 017 treasury shares which were utilised for the claw-back offer) were issued for
R0.02. As a result, total shares in issue increased from 1 631 821 425 to 4 544 197 408 shares. In terms of International
Accounting Standards (IAS 33: Earnings per share), the weighted average number of shares for the prior periods has been
adjusted for the impact of the claw-back offer. The adjustments to the earnings and headline earnings per share for the
year ended 30 June 2014 are as follows:

                                                                  30 June 2014              30 June 2014
                                                            Previously reported                 Restated
Weighted number of shares in issue                                    1 544 197                1 969 383
Diluted weighted number of shares in issue                            1 544 197                1 969 383
Earnings per share (cents)
    - Basic                                                              (6.58)                   (5.16)
    - Diluted                                                            (6.58)                   (5.16)
Headline earnings per share (cents)
    - Basic                                                              (4.43)                   (3.47)
    - Diluted                                                            (4.43)                   (3.47)

After taking into account the 178% dilution in total issued shares and 28% dilution in weighted average shares,
shareholders are advised that for the year ended 30 June 2015:

    -     Headline earnings per share (“HEPS”) are expected to be between (2.15) cents and (2.63) cents, reflecting an
          increase of between 38% and 24% when compared to the restated HEPS of (3.47) per share for the year ended
          30 June 2014; and

    -     Earnings per share (“EPS”) are expected to be between (2.89) cents and (3.54) cents, reflecting an increase of
          between 44% and 31% when compared to restated EPS of (5.16) per share for the year ended 30 June 2014.

The financial information on which this trading statement is based has not been reviewed and reported on by the
company’s auditors.

The company expects to publish its results for the year ended 30 June 2015 on Wednesday, 30 September 2015.

30 September2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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