Trading Statement for the unaudited six months ended 31 January 2016 Phumelela Gaming & Leisure Limited (Incorporated in the Republic of South Africa) (Registration number 1997/016610/06) Share code: PHM ISIN: ZAE000039269 PHUMELELA GAMING AND LESIURE LIMITED - TRADING STATEMENT FOR THE UNAUDITED SIX MONTHS ENDED 31 JANUARY 2016 In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by at least 20% from the financial results for the previous corresponding period. Phumelela announces that it expects earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six month period ended 31 January 2016 to be between 30% and 35% higher than the prior comparative period ended 31 January 2015 (“comparative period”), with EPS between 85,75 cents and 89,04 cents per share and HEPS between 85,39 cents and 88,68 cents per share; using accounting policies consistent with those used in the comparative period (comparative period EPS and HEPS were 65,96 cents and 65,69 cents per share respectively). This trading statement has not been reviewed or reported on by Phumelela`s external auditors. The release of the results for the six month period ended 31 January 2016 is expected to be on or about 15 April 2016. Johannesburg 1 April 2016 Sponsor and Investment Bank: Investec Bank Limited Date: 01/04/2016 04:15:00 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.