Trading Statement Verimark Holdings Limited Incorporated in the Republic of South Africa Registration number: 1998/006957/06 JSE share code: VMK ISIN number: ZAE000068011 (“the Company”) TRADING STATEMENT In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by at least 20% from those of the previous corresponding period. The macroeconomic environment in South Africa remained challenging, given the continued slowdown in local spending, the disruptions caused by erratic power supply and slow disposable income growth. The continued depreciation of the Rand, at a much higher rate than the prior year, impacted negatively on the group’s financial results. In addition to the increase in cost of goods, this has resulted in a foreign currency loss of R3 789 599 compared to a prior year gain of R430 022. Headline earnings per share and earnings per share for the year ended 29 February 2016 are expected to be in the range of 7,16 and 8,75 cents per share for headline earnings and 7,06 and 8,63 for earnings per share. This is a decrease of between 31.17% and 15.87% compared to the headline earnings per share of 10,4 cents per share and a decrease of between 32.11% and 17.02% compared to the earnings per share of 10,4 cents per share respectively, as reported on in the previous corresponding period. The information on which this trading update has been based has not been reviewed or reported on by the Group’s auditors. The Group’s financial results for the year ended 29 February 2016 will be released on SENS on or about 23 May 2016. 03 May 2016 Sponsor Grindrod Bank Limited Date: 03/05/2016 02:30:00 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.