Trading Statement VISUAL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/030975/06) (“the Company” or “Visual”) ISIN Code: ZAE000187407 Share code: VIS TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange (“JSE”), listed companies are required to publish a trading statement as soon they become reasonably certain that the financial results for the period to be reported on will differ by at least 20% from those of the previous corresponding period. Shareholders are advised that: - The loss per share is expected to be (5.45) cents per share, reflecting a decrease of 46.9%, when compared to the loss of (3.71) cents per share reported for the prior year ended 29 February 2015; and - Headline loss per share is expected to be (4.75) cents per share reflecting a decrease of 21.22% when compared to the loss of (3.92) cents per share reported for the prior year ended 29 February 2015. The financial information on which this trading statement is based has not been reviewed or audited by the Company’s auditors, Baker Tilly Greenwoods Chartered Accountants. Johannesburg 16 November 2016 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 16/11/2016 07:54:00 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.