BALWIN PROPERTIES LIMITED - Updated Voluntary Trading Statement

Updated Voluntary Trading Statement

BALWIN PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")



UPDATED VOLUNTARY TRADING STATEMENT


Shareholders are referred to the voluntary trading statement released by the Company on SENS on 3
March 2016 and are advised that headline earnings per share (“HEPS”) and earnings per share (“EPS”)
for the financial year ended 29 February 2016 are now anticipated to be in excess of the ranges
previously reported. The updated ranges are outlined in the table below:

 Measure                 Increase        Anticipated        Cents per     Forecast cents    Notes
                       relative to   cents per share         share in      per share per
                      comparative                         comparative               PLS
                           period                              period

                    (28 Feb 2015)      (28 Feb 2016)     (28 Feb 2015)     (28 Feb 2016)

 HEPS                 67% – 71%            130 – 133                78                115      1
 EPS                  55% – 58%            130 – 133                84                115


Notes:

1. The percentage growth in HEPS is greater than the percentage growth in EPS due to the effect of
   the reversal of a profit on the disposal of investment property in the prior year.

The financial results on which this trading announcement is based have not been reviewed or reported
on by Balwin`s external auditors.

Balwin`s results for the 12 months ended 29 February 2016 are scheduled to be published on Monday,
23 May 2016.



Johannesburg
19 May 2016

Sponsor: Investec Bank Limited

Date: 19/05/2016 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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