BEIGE HOLDINGS LIMITED - Trading Statement

Trading Statement

BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
(“Beige” or “the company”)
ISIN Code: ZAE 000034161         Share code: BEG


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of the Johannesburg Stock Exchange, Beige
shareholders are advised that the company’s financial results for the six months ended 31 December 2015 are expected
to show an improvement of more than 20% over the previous corresponding period.

Shareholders are advised to note the impact of the claw-back offer concluded in the second six months of the 2015
financial year whereby an additional effective 3 000 000 000 shares (2 912 375 983 new shares plus 87 624 017 treasury
shares which were utilised for the claw-back offer) were issued for R0.02. As a result, total shares in issue increased from
1 631 821 425 to 4 544 197 408 shares. In terms of International Accounting Standards (IAS 33: Earnings per share), the
weighted average number of shares for the current and prior periods will be adjusted by the number of shares issued in
terms of the claw-back offer as at the date the shares were initially subscribed for by the subscriber. The adjustments to
the earnings and headline earnings per share results for the six months ended 31 December 2014 are as follows:

                                                                    31 December 2014                   31 December 2014
                                                                   Previously reported                         Restated
Weighted number of shares in issue                                           1 544 197                        1 969 383
Diluted weighted number of shares in issue                                   1 544 197                        1 969 383
Earnings per share (cents
    - Basic                                                                      (3.06)                           (2.40)
    - Diluted                                                                    (3.06)                           (2.40)
Headline earnings per share (cents)
    - Basic                                                                      (2.45)                           (1.92)
    - Diluted                                                                    (2.45)                           (1.92)

After taking into account the 27.5% dilution in the weighted average shares for the prior period, shareholders are advised
that for the six months ended 31 December 2015:

    -     Headline earnings per share (“HEPS”) is expected to be between (0.48) cents per share and (0.29) cents per
          share, reflecting an improvement of between 75% and 85% when compared to the restated HEPS of (1.92) per
          share for the year ended 30 June 2014; and

    -     Earnings per share (“EPS”) is expected to be between (0.60) cents per share and (0.36) cents per share,
          reflecting an improvement of between 75% and 85% when compared to restated EPS of (2.40) per share for
          the six months ended 31 December 2014.

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

30 March 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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