Trading Statement Stefanutti Stocks Holdings Limited (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the Group”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of directors of Stefanutti Stocks hereby provides shareholders with a trading update of the Group’s results for the six months ended 31 August 2016. Earnings per share and headline earnings per share are expected to be between 0% and 15% higher than the corresponding period, translating into earnings per share of between 54,09 cents and 62,20 cents per share (August 2015: 54,09 cents) and headline earnings per share of between 48,46 cents and 55,73 cents per share (August 2015: 48,46 cents). The discontinued operations disclosed in the corresponding period had no impact in the current reporting period. In comparing the above expected results, it should be noted that for the period to August 2015 comparative trading results have been restated to exclude the impact of discontinued operations. This has resulted in higher historic earnings per share and headline earnings per share of 69.02 cents and 63.12 cents respectively. The strengthening of the Rand during the period and the weakening of African currencies in which Stefanutti Stocks operates has had a significant negative effect on the Group’s profitability. The Settlement Agreement concluded with the South African Government disclosed in the SENS announcement released on 11 October 2016 has no financial effect on the results for the six months ended 31 August 2016. The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s auditors. The release of the results for the six months ended 31 August 2016 is anticipated to be published on 10 November 2016. Johannesburg 13 October 2016 Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited Date: 13/10/2016 11:30:00 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.