Trading Statement AH-VEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1989/000100/06) (“AH-Vest” or “the company”) Share code: AHL ISIN code: ZAE000129177 TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg StockExchange, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. Headline earnings per share (“HEPS”) and Earnings per share (“EPS”) for the six months ended 31 December 2016 are expected to reflect an increase of between 20% and 30% to between 0.84 and 0.91 cents per share when compared to HEPS and EPS of 0.7 cents per share reported for the six month period ended 31 December 2015. The improved results reflect the positive performance of the new manufacturing plant in Eikenhof. Capacity has continued to increase and the factory has now been stabilised. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 27 February 2017 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 27/02/2017 01:30:00 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.