Trading Statement ELLIES HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2007/007084/06) JSE share code: ELI ISIN: ZAE000103081 (“Ellies” or the “company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, 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 upon next will differ by at least 20% from the previous corresponding reporting period. Shareholders are advised that Ellies expects that its loss per share (“LPS”) for the year ended 30 April 2016 will be between 83 and 92 cents per share, being between 10% and 0% better than the loss per share of 92 cents for the year ended 30 April 2015. Headline loss per share (“HLPS”) for the year ended 30 April 2016 is expected to be between 52 and 60 cents per share, being between 36% and 26% better than the headline loss per share of 81 cents for the year ended 30 April 2015. The above LPS comprising of a loss in the Infrastructure division of between 80 and 90 cents and a profit in the Consumer and Property segment of between 0 and 10 cents per share. The LPS and HLPS calculations are based on the following number of weighted average shares in issue: - for the year ended 30 April 2015 – 354 135 067; - for the year ended 30 April 2016 – 583 533 394. Ellies’ reviewed results for the year ended 30 April 2016 are expected to be released on SENS on or about 26 July 2016. The information on which this trading statement has been based has not been reviewed or reported on by the company`s auditors. 14 July 2016 Sponsor Java Capital Date: 14/07/2016 05:22:00 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.