BUILDMAX LIMITED - Trading statement

Trading statement

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
("Buildmax" or “the Company”)

Trading statement

In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be
reported on will be more than 20% different from that of the previous corresponding period.

In compliance with section 3.4(b)(iii) of the JSE Listings Requirements, shareholders are advised that
the Company expects, in respect of the interim period ended 31 August 2015:

-     basic loss per share to be between 37.0 and 44.0 cents, a reduction of the loss of between 35.0%
      and 22.7% from the prior period’s loss of 56.9 cents; and
-     headline loss per share to be between 10.4 and 12.7 cents, a reduction of the loss of between
      64.0% and 56.1% from the prior period’s loss of 28.9 cents

Although the Company has implemented several cost saving initiatives, the loss is mainly attributable
to a sustained substantial decline in the demand for outsourced contract mining and bulk earthworks
services. Trading results have also been negatively impacted by poor demand and related prices for
second hand plant combined with the impairments associated with the provisional liquidation of Messina
Copper (Botswana) Proprietary Limited. Further information pertaining to which was contained in an
announcement released on SENS on 12 November 2015.

The Company's financial results for the interim period ended 31 August 2015 are expected to be
released before the end of November 2015.


Benoni
20 November 2015


Sponsor to Buildmax
Questco (Pty) Ltd

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