REX TRUEFORM CLOTHING COMPANY LIMITED - Further trading statement

Further trading statement

REX TRUEFORM CLOTHING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO  ISIN: ZAE000006144
JSE share code: RTN  ISIN: ZAE000009700
JSE share code: RTOP ISIN: ZAE000006151
(“Rex Trueform”)


FURTHER TRADING STATEMENT


Shareholders are referred to the trading statement released on SENS on 17 November 2016 wherein Rex Trueform
noted that:

1.    its commentary to the reviewed condensed consolidated preliminary financial results for the year ended 30
      June 2016 (published on SENS on the 8 September 2016) indicated that in relation to its retail segment
      prospects, the tough economic trading conditions and regulatory changes to credit legislation will, amongst
      other things, continue to impact the business in the short-term;

2.    economic trading conditions continued to be tough and that it expected its earnings per share to decrease by
      at least 20%, from earnings of 65.3 cents per share reported by Rex Trueform for the six months ended 31
      December 2015 to earnings of 52.2 cents per share for the six months ended 31 December 2016 and its
      headline earnings per share to decrease by at least 20%, from headline earnings of 65.3 cents per share
      reported by Rex Trueform for the six months ended 31 December 2015 to headline earnings of 52.2 cents per
      share for the six months ended 31 December 2016.

As anticipated, economic trading conditions were tough and accordingly shareholders are advised that:

1.    Rex Trueform’s earnings per share are now expected to decrease by at least 50%, from earnings of 65.3 cents
      per share reported by Rex Trueform for the six months ended 31 December 2015 to earnings of 32.7 cents
      per share for the six months ended 31 December 2016; and

2.    Rex Trueform’s headline earnings per share are now expected to decrease by at least 50%, from headline
      earnings of 65.3 cents per share reported by Rex Trueform for the six months ended 31 December 2015 to
      headline earnings of 32.7 cents per share for the six months ended 31 December 2016.

Shareholders are further advised that Rex Trueform does not have reasonable certainty to provide guidance as to
either the specific percentage and numbers, or the range and numbers, to describe the difference in the financial
results in such periods. Once Rex Trueform obtains reasonable certainty in this regard it will issue a further trading
statement.

The information on which this trading statement has been based has not been reviewed or reported on by Rex
Trueform’s auditors.

19 January 2017


Sponsor
Java Capital

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