Trading Statement Trematon Capital Investments Limited (Incorporated in the Republic of South Africa) Registration number 1997/008691/06 Share code: TMT ISIN: ZAE000013991 ("Trematon" or "the Company") TRADING STATEMENT Shareholders are advised that Trematon’s earnings per share for the 6-month period ended 28 February 2017 will increase by approximately 421% and headline earnings per share will increase by approximately 179% from the previous comparable interim period ended 29 February 2016 (“previous interim period”). The earnings are expected to be approximately 46.4 cents per share and headline earnings approximately 1.8 cents per share, compared to earnings of 8.9 cents per share and a headline loss of 2.3 cents per share for the previous interim period. The increase in earnings compared to the previous interim period is mainly a result of the disposal of the Company’s interest in the Mykonos Casino as announced on SENS on 14 November 2016. The net asset value is expected to increase by approximately 24% to 299 cents per share from 241 cents per share at the previous interim period. The increase in net asset value is mainly due to the sale of the Mykonos Casino that was previously equity accounted and was therefore carried at a value lower than the cash received from the sale. The intrinsic net asset value is expected to decrease by approximately 2% to 361 cents per share from 367 cents per share at the previous interim period. The reason for the decrease is mainly due to changes in the directors valuation of certain property assets. The financial information in this trading statement has not been reviewed and reported on by the auditors of the Company. Trematon’s interim results will be published on or about 20 April 2017. Cape Town 11 April 2017 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 11/04/2017 02:00:00 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.