TREMATON CAPITAL INVESTMENTS LIMITED - Trading statement

Trading statement

Trematon Capital Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1997/008691/06
Share code: TMT
ISIN: ZAE000013991
("Trematon" or "the Company")

TRADING STATEMENT

Shareholders are advised that Trematon’s earnings per share
for the 6-month period ended 29 February 2016 will increase
by approximately 35% and headline earnings per share will
decrease by approximately 158% from the previous comparable
interim period ended 28 February 2015 (“previous interim
period”). The earnings are expected to be approximately 8.9
cents per share and a headline loss of approximately 2.3
cents per share, compared to earnings and headline earnings
of 6.6 cents and 4.0 cents per share respectively for the
previous interim period.

The decrease in headline earnings over the previous interim
period is a result of fair value adjustments on investment
properties purchased in the prior financial year.     These
properties have been improved and or refurbished and long-
term leases signed which resulted in the fair value
adjustments being recorded.     Fair value adjustments are
excluded from headline earnings in terms of IFRS.

The   net  asset   value   is  expected   to  increase   by
approximately 25% to 241 cents per share from 193 cents per
share at the previous interim period.    The intrinsic net
asset value is expected to increase by approximately 12% to
367 cents per share from 326 cents per share at the
previous interim period.

The financial information in this trading statement has not
been reviewed and reported on by the auditors of the
Company.   Trematon’s interim results will be published on
or about 18 April 2016.

Cape Town
22 March 2016
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited

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