BLUE LABEL TELECOMS LIMITED - Trading statement for the six months ended 30 November 2015

Trading statement for the six months ended 30 November 2015

Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
(“Blue Label” or “the company”)


Trading statement for the six months ended 30 November 2015


Shareholders are referred to the trading statement that was released on 11 December 2015 and are
now advised that the company is in the process of finalising its results for the six months ended 30
November 2015. The table below illustrates the ranges anticipated against the comparative period:

                              Earnings per share   Earnings per share        Cents
                                   Reported              Range            Increase to    Percentage
                               November 2014        November 2015       November 2015     Increase

Earnings per share                  42.79c         51.78c - 53.49c      8.99c - 10.70c   21% - 25%
Headline earnings per share         42.73c         52.55c - 54.27c      9.82c - 11.54c   23% - 27%
Core eanings per share              44.47c         53.36c - 54.70c      8.89c - 10.23c   20% - 23%



Core earnings represent the actual earnings of the group after adjusting for the amortisation of
intangible asset write offs net of taxation and minorities as a consequence of purchase price
allocations in terms of IFRS requirements. Core earnings reflect the underlying financial performance
of the group.


The increase in earnings is predominantly attributable to organic growth, underpinned by a hybrid of
an expanded customer base supported by an enhanced bouquet of products and services afforded
to it. In addition the company has continued to confine operational costs.


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


The results are scheduled for release on Wednesday, 24 February 2016.


Sandton
10 February 2016
Sponsor: Investec Bank Limited

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