BOWLER METCALF LIMITED - Further Trading Statement

Further Trading Statement

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE0000308797
(“Bowler Metcalf” or “the company”)


FURTHER TRADING STATEMENT


In terms of rule 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is required
to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the next reporting period to be reported on will differ by at least 20% from those of the
previous corresponding period.

Pursuant to the initial trading statement dated 25 July 2016, and consequential to the sale of
Quality Beverages in the previous financial year, the profit on which has not reoccurred in the 2016
financial year, shareholders are advised that the total earnings per share ("EPS") is expected to be
between 71.3 and 99.9 cents per share, 65% to 75% lower compared to the previous year of 285.3
cents per share. The profit on the sale was included in discontinued operations in 2015.

The information on which this announcement has been based has not been reviewed or reported
on by the group’s auditors.

Cape Town
15 September 2016


Sponsor
Arbor Capital Sponsors Proprietary Limited

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