Further trading statement TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share Code: TRE ISIN: ZAE000007506 (“Trencor”) FURTHER TRADING STATEMENT Shareholders are referred to the Trading Statement published on the Stock Exchange News Service on 3 October 2016 wherein it was advised that Trencor’s (loss)/earnings per share, headline (loss)/earnings per share and adjusted headline (loss)/earnings per share for the six months ended 30 June 2016 were expected to be within the ranges set out below: 2016 2015 2015 30 June 30 June* 31 December Expected Actual Actual cps cps cps Headline (loss)/earnings per share (206) - (227) 278 513 Adjusted headline (loss)/earnings per share (which excludes net unrealised foreign exchange losses/gains on translation of long- term receivables) (196) - (217) 264 443 (Loss)/Earnings per share (1 202) - (1 258) 278 (83) *As a result of the restatement disclosed in note 35 to the 31 December 2015 Trencor annual financial statements, the comparative amounts for the six months ended 30 June 2015 have been restated accordingly. Previously reported amounts: headline earnings 275,8, adjusted headline earnings 261,2 and earnings 275,3 cents per share respectively. The Trading Statement of 3 October 2016 confirmed that the ranges disclosed did not take into account any possible impact of the Hanjin bankruptcy. This Further Trading Statement now takes into account the impairment of the Hanjin trade receivable at 30 June 2016, but not further uncertainties relating to the Hanjin matter. As a result, it is now advised that Trencor’s (loss)/earnings per share, headline (loss)/earnings per share and adjusted headline (loss)/earnings per share for the six months ended 30 June 2016 are expected to be within the ranges set out below: 2016 30 June Expected cps Headline (loss)/earnings per share (270) - (280) Adjusted headline (loss)/earnings per share (which excludes net unrealised foreign exchange losses/gains on translation of long- term receivables) (260) - (270) (Loss)/Earnings per share (1 280) - (1 300) The financial information on which this Further Trading Statement is based has not been reviewed and reported on by Trencor’s external auditors. On behalf of the Board DM Nurek Chairman 12 October 2016 Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited) www.trencor.net Date: 12/10/2016 11:44:00 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.