Trading Statement Nutritional Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number 2004/002282/06) Share Code: NUT ISIN: ZAE000156485 (“Nutritional Holdings” or “the Company”) TRADING STATEMENT In accordance with paragraph 3.4 (b) of the Listing Requirements of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period. Shareholders are hereby advised that the Company is expecting basic loss per share and headline loss per share attributable to ordinary shareholders for the interim period ended 31 August 2015 to improve by 25%, being a loss per share of 7.93 cents per share as compared to those reported for the previous corresponding period being a loss and headline loss of 10.62 cents per share. However, the Company is expecting it’s basic loss attributable to ordinary shareholders for the interim period ended 31 August 2015 to have increased negatively at less than 20% than that for the interim period ended 31 August 2014. The information in this updated trading statement has neither been reviewed nor reported on by the Company’s external auditors. The financial results for the interim period ended 31 August 2015 are expected to be released on or about 15 November 2015. Durban 23 October 2015 Designated Adviser – PSG Capital Proprietary Limited Date: 23/10/2015 05:00:00 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.