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Trading statement
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 SBV Ordinary shares
ISIN: ZAE000012043 SVN N Ordinary shares
(“Sabvest”)
TRADING STATEMENT
Shareholders are advised that the results for the twelve months ended 31 December
2016 are expected to be within the following estimates:
Change Expected Reported
31/12/2016 31/12/2015
cents cents
Net asset value per share -4,54% to -0,24% 3550 – 3710 3719
Headline earnings per share -99,8% to -97,5% 2 – 25 1003,9
Earnings per share -99,8% to -97,5% 2 – 25 1003,9
Dividends per share - normal +10,0% 55 50
The results for 2016 have been affected by negative fair value adjustments largely arising
from falls in the listed share prices of Sabvest’s portfolio holdings in Brait and Torre during
the year and by a one-off increase in the deferred tax liability on fair value adjustments
relating to prior years due to the increase in the enacted rate of CGT.
The figures contained in this trading statement have not been reviewed and reported on
by Sabvest’s external auditors. Audited results for the year ended 31 December 2016 are
expected to be released on SENS at the end of February 2017.
Sandton
15 February 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/02/2017 12:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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