Trading statement for the half year ended 30 July 2016 ANCHOR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/005413/06) (“Anchor” or “the Company”) ISIN Code: ZAE000193389 JSE Code: ACG TRADING STATEMENT FOR THE HALF YEAR ENDED 30 JUNE 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 will differ by at least 20% from the financial results for the previous corresponding period. The table below shows the expectations for Earnings, Headline Earnings and Adjusted Headline Earnings per share for the six months ended 30 June 2016. Comparison against prior year: Current Prior Half Year Half Year % 2016 2015 change Earnings per share 35c – 36c 20.8 68 – 73 Headline Earnings per share 32c – 34c 20.8 54 – 63 Adjusted Headline earnings per share 33c – 35c 20.8 59 – 68 Weighted average number of shares in issue 169.3 141.3 The results for the six months were influenced by: 1. a 34% increase in assets under management and advice (which included 14% organic growth in assets under management): 2. the inclusion of Capricorn Fund Managers (47.4% owned) for four months; 3. volatile investment markets; 4. a 5% strengthening of the Rand against the US$ for the six months (negative for offshore assets measured in Rands); and 5. a below budget return on Anchor Group balance sheet assets which were largely invested in the seeding of new funds. Anchor’s results for the half year ended 30 June 2016 will be released on or about 17 August 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s auditors. Johannesburg 12 July 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2016 02:09:00 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.