Trading Statement MUSTEK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/070161/06) Share code: MST ISIN: ZAE000012373 (“Mustek” or “the company”) TRADING STATEMENT In terms of paragraph 3.4(b) of the JSE Limited’s Listings Requirements, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by at least 20% when compared to the previous corresponding period. In light of the above, Mustek’s shareholders are informed that, for the six months ended 31 December 2016, Mustek’s headline earnings per share is expected to be between 20% and 30% lower than the previous corresponding period at between 36,17 cents and 41,33 cents (31 December 2015: 51,67 cents). Earnings per share is expected to be between 20% and 30% lower than the previous corresponding period at between 35,92 cents and 41,05 cents (31 December 2015: 51,31 cents). Net asset value per share is expected to be between 1 065,00 cents and 1 070,00 cents, compared to 983,47 cents as at 31 December 2015. Cash generated from operations is expected to improve by between R420,0 million and R430,0 million, compared to the cash used in operations of R418,7 million reported for the previous corresponding period. The improvement is largely due to a reduction in inventory of between R260,0 million and R270,0 million compared to the previous corresponding period. The above information has not been reviewed or reported on by the company’s auditors. The company expects to release its interim financial results for the six months ended 31 December 2016 on SENS on or about 23 February 2017. Midrand 14 February 2017 Sponsor Deloitte & Touche Sponsor Services Proprietary Limited (Incorporated in the Republic of South Africa) (Registration number 1996/000034/07) Date: 14/02/2017 09:52:00 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.