THE PIVOTAL FUND LIMITED - Trading statement

Trading statement

THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PIV ISIN: ZAE000196440
(“Pivotal”)


TRADING STATEMENT


In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be
reported on next will differ by at least 20% from the financial results for the previous corresponding period.

Accordingly, shareholders are advised that Pivotal anticipates that the net asset value per share (excluding
deferred tax) for the six months ending 31 August 2015 will be between R19,00 and R19,60 per share, being
between 22% and 26% higher than the R15,55 per share for the previous corresponding period ending
31 August 2014.

The financial results on which this trading statement is based have not been reviewed or reported on by Pivotal’s
auditors. The financial results for the six months ended 31 August 2015 will be published on or about
2 November 2015.

19 October 2015


Sponsor
Java Capital

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