BRAIT SE - Trading statement: Year ended 31 march 2016

Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Bond Code: WKN: A1Z6XC ISIN: XS1292954812
("Brait" or "the Company")

TRADING STATEMENT: YEAR ENDED 31 MARCH 2016

Shareholders of the Company are advised that:


Brait's reported Net Asset Value ("NAV") per share for the year ended

31 March 2016 is anticipated to have increased in Rand by 74% to 80% to
between ZAR134.19 and ZAR138.82 (2015: ZAR77.12); and in Euro by 35% to 40%
to between EUR8.00 and EUR8.27 (2015: EUR5.92).


The increase in reported NAV per share for the year ended 31 March 2016 is
primarily due to:

    - Strong operational performance from Brait's investment portfolio;
    - Referencing the 31 March 2016 valuation multiples for the portfolio,
      with relevant discounts, to their peer group three year trailing
      average multiples in accordance with Brait's policy; and

    - The positive effect from the strengthening of the GBP against the
      ZAR over the financial year, when translating Brait's GBP

      denominated investments in New Look, Virgin Active and Iceland Foods
      into the Group's ZAR presentation currency.


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

31 March 2016 financial results of the Company are currently being prepared
and are expected to be released on the website of the Luxembourg Stock
Exchange and the Stock Exchange News Service of the JSE Limited on or about
14 June 2016.

Malta
24 May 2016


The Company's primary listing is on the Euro MTF market of the Luxembourg
Stock Exchange and its secondary listing is on the Johannesburg Stock
Exchange.

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)







Date: 24/05/2016 07:05:00 Supplied by www.sharenet.co.za                     
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