ADRENNA PROPERTY GROUP LIMITED - Trading Statement

Trading Statement

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
“Adrenna” or “the Group”

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing Requirements, a listed
company is required to publish a trading statement as soon as it is satisfied that a reasonable degree
of certainty exists that the financial results for the period to be reported upon next will differ, by at
least 20%, from those of the previous corresponding period.

Shareholders are advised that:
-    the Group’s headline earnings per share (“HEPS”) for the six months ended 31 August 2016
     are expected to be between 5% and 10% higher (4.8 and 5.1 cents per share) than the HEPS of
     4.6 cents per share reported for the previous six months ended 31 August 2015; and
-    basic earnings per share (“EPS”) for the six months ended 31 August 2016 are expected to be
     between 235% and 240% higher (10.8 and 11.0 cents per share) than the EPS of 4.6 cents per
     share reported for the previous six months ended 31 August 2015.

The final announcement of the results for the six months ended 31 August 2016 will be released on
SENS on 28 October 2016 with a short-form announcement being published on the same day.

This trading statement and the forecast financial information contained herein has not been
reviewed and reported on by the Group’s external auditors.

Johannesburg
25 October 2016


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 25/10/2016 09:00:00 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.