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TRANSACTION CAPITAL LIMITED - Trading statement in respect of the year ended 30 September 2015

Release Date: 18/11/2015 13:30
Code(s): TCP     PDF:  
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Trading statement in respect of the year ended 30 September 2015

Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
Tax reference number: 9466/298/15/6
(“Transaction Capital” or “group” or “company”)

TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 30 SEPTEMBER 2015

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited (“JSE”), an issuer is required to publish a
trading statement as soon as it is satisfied that earnings per share (“EPS”) and/or headline earnings per share (“HEPS”)
for the next period to be reported on are expected, with a reasonable degree of certainty, to differ by at least 20%
from that of the previous corresponding period.

Accordingly, the table that follows provides guidance for the expected increases in the group's Basic earnings, Basic
EPS, Headline earnings and HEPS for year ended 30 September 2015. Total earnings have been presented as required
but are not meaningful in the current reporting period as the business units reflected in discontinued earnings no
longer form part of the group and there are no discontinued operations to report on in the 2015 financial period. The
section “continuing earnings” reflects the results of the group as currently structured.

                                  Year ended          Guidance for the year ended       Guidance for the year ended
                              30 September 2014           30 September 2015                 30 September 2015
                                   (Actual)            (Expected number range) 1        (Expected percentage range) 1
  Continuing earnings2:
  Basic earnings                    R330m                  R389m to R406m                        18% to 23%
  Basic EPS                        57.3 cents           67.6 cents to 70.5 cents                 18% to 23%
  Headline earnings                 R330m                  R389m to R406m                        18% to 23%
  Headline EPS                     57.3 cents           67.6 cents to 70.5 cents                 18% to 23%

  Discontinued earnings2:
  Basic earnings3                   R607m                         R0m
  Basic EPS3                      105.4 cents                    0 cents
  Headline earnings                  R21m                         R0m
  Headline EPS                     3.7 cents                     0 cents

   Total earnings2:
   Basic earnings3                    R937m                  R389m to R406m                   -58.5% to -56.7%
             3
   Basic EPS                       162.7 cents           67.6 cents to 70.5 cents             -58.4% to -56.7%
   Headline earnings                  R351m                  R389m to R406m                    10.8% to 15.6%
   Headline EPS                     61.0 cents           67.6 cents to 70.5 cents              10.8% to 15.6%
 1
  The effect of the early adoption of IFRS 9: Financial Instruments - classification and measurement (replacement of
 IAS 39) (“IFRS 9”) has been incorporated in the guidance provided
 2
  Attributable to ordinary equity holders of the group
 3
  Includes the profit on the sale of subsidiary companies
The board of directors of Transaction Capital has elected to publish an ancillary statement today dealing with the
financial effects on the group’s opening retained income and certain key performance indicators for the financial year
ended 30 September 2015 arising from the decision by the group to early adopt IFRS 9. In this regard, shareholders
are referred to the announcement released on the Stock Exchange News Service of the JSE (“SENS”) titled Ancillary
statement to Transaction Capital’s trading statement also published today, 18 November 2015.

Transaction Capital’s results for the year ended 30 September 2015 are expected to be released on SENS on Tuesday,
24 November 2015.

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

Sandton
18 November 2015

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6729

Sponsor:
Deutsche Securities (SA) Proprietary Limited

Date: 18/11/2015 01:30:00 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.

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