Trading Statement - ESR ESOR LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/000732/06) JSE code: ESR ISIN: ZAE000184669 (“Esor” or “the Company”) TRADING STATEMENT In terms of paragraph 3.4 of the listings requirements of the JSE Limited, 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 differ by more than 20% from that of the previous corresponding period. Esor is currently finalising its interim results for the six months ended 31 August 2016 and shareholders are advised that the company expects basic earnings per share to be between 1.9 cents and 2.2 cents compared to a basic earnings per share of 1.65 cents from the previous corresponding period, representing an increase of between 15% and 33%. The Company expects headline earnings per share to be between 2.09 and 2.21 cents compared to headline earnings per share of 2.01 cents from the previous corresponding period, representing an increase of between 5% and 10%. The financial information on which this trading update is based has not been reviewed or reported on by the company’s auditors. The company’s financial results for the six months ended 31 August 2016 are expected to be released on SENS during the week ending 25 November 2016. Germiston 15 November 2016 Sponsor Vunani Corporate Finance Date: 15/11/2016 04:30:00 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.