ONELOGIX GROUP LIMITED - Trading statement for the year ended 31 May 2016

Trading statement for the year ended 31 May 2016

ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG  ISIN: ZAE000026399
(“OneLogix” or “the group”)


TRADING STATEMENT FOR THE YEAR ENDED 31 MAY 2016


Shareholders are advised that the undiluted and fully diluted earnings per share (“EPS”) and the undiluted and fully
diluted headline earnings per share (“HEPS”) are expected to vary from the year ended 31 May 2015, as follows:

                               2015 reported (cents)     2016 range (percentage)               2016 range (cents)
EPS                            62.4                      Decrease by between 53% - 63%         23.1 - 29.3
HEPS                           (1.7)                     Increase by greater than 1000%        22.8 - 29.0

Basic earnings in the prior year had been enhanced by the once-off after tax cash profit of R144 million recognised on
the disposal of PostNet Holdings Proprietary Limited (“PostNet”) and its subsidiaries. This net disposal gain was
excluded from headline earnings and core headline earnings measures.

The results for the prior year had been negatively impacted by the once off, non-cash flow, R72 million share-based
payment charge in terms of IFRS 2, Share-based payment, relating to the implementation of the Kagiso Capital
Proprietary Limited specific issue of shares for cash.

The main reason for the substantial variance between HEPS and EPS in the prior year is the exclusion of the PostNet
disposal gain realised from the HEPS measure, while the share-based payment charge was still included in the HEPS
measure.

As consistently reported in prior years, the directors will be presenting undiluted and fully diluted core headline earnings
per share (“Core HEPS”) for the year ended 31 May 2016 to shareholders as they believe it provides a meaningful
additional measure of evaluating the performance of the group’s operations. The core headline earnings measure is
based on the HEPS measure and excludes share-based payments charges and the amortisation charges of intangibles
recognised on business combinations. The Core HEPS for the year ended 31 May 2016 are expected to vary from the
year ended 31 May 2015, as follows:

                               2015 reported (cents)     2016 range (percentage)               2016 range (cents)
Core HEPS                      33.9                      Increase by between 0% - 10%          33.9 - 37.3
Diluted Core HEPS              32.5                      Increase by between 0% - 10%          32.5 - 35.7

The audited results for the year ended 31 May 2016 are expected to be released on SENS on or about 25 August 2016.

This trading statement has neither been reviewed nor reported on by the group's external auditors.

17 August 2016


Sponsor
Java Capital

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