COMAIR LIMITED - Further trading statement

Further trading statement

Comair Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1967/006783/06
ISIN Code: ZAE000029823
Share Code: COM
(“Comair” or “the Company” or “the Group”)

FURTHER TRADING STATEMENT

Further to the trading statement released on SENS on 14 January 2016, shareholders are
advised that for the six months ended 31 December 2015, earnings per share are
expected to be between 40% and 60% lower than that for the six months ended 31
December 2014 (“comparative period”) at between 15 and 23 cents and headline earnings
per share are expected to be between 50% and 70% lower than that for the comparative
period at between 11 and 19 cents (comparative period earnings and headline earnings
per share of 37.6 cents per share).

Profits were negatively affected by a translation loss of R91 million (pre-tax) on a dollar
denominated long-term loan that was revalued on 31 December 2015 at the exchange rate
of R15.47 to the dollar, and by losses of R71 million (pre-tax) on oil hedges, the last of
which expired on 31 December 2015.

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

The results for the six months ended 31 December 2015 are expected to be released on
SENS on or about 16 February 2016.

Johannesburg
29 January 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29/01/2016 01:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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