Restatement of Financial Information and Trading Statement Adapt IT Holdings Limited Incorporated in the Republic of South Africa (Registration number 1998/017276/06) Share code: ADI ISIN: ZAE000113163 (“Adapt IT”) RESTATEMENT OF FINANCIAL INFORMATION AND TRADING STATEMENT Restatement of Financial Information In accounting for the business combination of AspiviaUnison Proprietary Limited for the six month period ended 31 December 2014 (“31 December 2014 Results”) and the year ended 30 June 2015 (“30 June 2015 Results”), no fair value was placed on intangible assets other than goodwill, as the valuation of these intangible assets in terms of IFRS 3 had not been determined. The valuation of these intangible assets, namely Customer Relationships and Internally Generated Software, has now been finalised. The 31 December 2014 Results and 30 June 2015 Results have been restated retrospectively in this regard, to increase the value of intangible assets acquired to R82.6 million and to increase the related deferred tax liability to R23.1 million, resulting in a decrease in goodwill of R59.5 million. The effect of the above and the resulting amortisation costs arising thereon on the 31 December 2014 Results and 30 June 2015 Results is as follows: As originally Restated Percentage reported amount change (cents) (cents) 31 December 2014 Results Earnings per share 18.57 16.81 (9.47%) Headline earnings per share 18.58 16.82 (9.47%) Net asset value per share 222.60 220.97 (0.74%) Tangible net asset value per share 32.26 32.26 - 30 June 2015 Results Earnings per share 46.57 42.34 (9.08%) Headline earnings per share 46.54 42.31 (9.09%) Net asset value per share 252.60 248.52 (1.62%) Tangible net asset value per share 47.71 47.71 - Trading Statement In terms of the Listings Requirements of JSE Limited, 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 differ by more than 20% from that of the previous corresponding period. Accordingly, a review of the financial results for the six months ended 31 December 2015 by management has indicated that: - the earnings per share (“EPS”) is expected to be between 23.15 cents and 24.83 cents, reflecting an increase of between 37.7% and 47.7% compared to the restated EPS of 16.81 cents for the six months ended 31 December 2014; and - the headline earnings per share (“HEPS”) is expected to be between 23.12 cents and 24.80 cents, reflecting an increase of between 37.4% and 47.4% compared to the restated HEPS of 16.82 cents for the six months ended 31 December 2014. The financial information on which this trading statement is based has not been reviewed or reported on by Adapt IT’s auditors. Adapt IT's interim financial results are expected to be released on SENS on or about 8 February 2016. Durban 28 January 2016 Sponsor Merchantec Capital Date: 28/01/2016 11:15:00 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.