BUILDMAX LIMITED - Trading statement

Trading statement

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
("Buildmax" or “the Company”)

Trading statement

In terms of section 3.4(b)(i) of the JSE Listings Requirements, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial
results for the period to be reported on will be more than 20% different from that of the
previous corresponding period.

In compliance with section 3.4(b)(iii) of the JSE Listings Requirements, shareholders are
advised that the Company expects, in respect of the six months ended 31 August 2016:

- basic loss per share to be between 11.0 and 13.0 cents, a reduction of the loss of
  between 72.8% and 67.8% from the prior period’s loss of 40.4 cents; and
- headline loss per share to be between 9.0 and 11.0 cents, a reduction of the loss of
  between 71.2% and 64.7% from the prior period’s loss of 31.2 cents.

The Company continued to record a loss primarily due to relatively low coal demand
resulting in increased pressure on the outsourced contract mining services sector. This was
offset to some extent by various cost control measures which has resulted in an
improvement in performance and cash flow generation.

The Company has not accounted for any possible benefit from the liquidation process of
Messina Copper Botswana Proprietary Limited (“Messina Copper Botswana”) in its interim
results. The Company refers shareholders to the SENS announcement made by ZCI Limited
(share code ZCI ISIN: BMG9887P1068) (“ZCI”) on 3 October 2016 regarding the possible
proceeds arising as a result of the liquidation of Messina Copper Botswana, the operating
subsidiary of ZCI’s subsidiary, African Copper Plc.

The Company's financial results for the six months ended 31 August 2016 will be released
before the end of November 2016.

Benoni
14 October 2016

Sponsor to Buildmax
Questco (Pty) Ltd

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