TRENCOR LIMITED - Trading statement

Trading statement

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

                                   TRADING STATEMENT


The poor economic conditions experienced in the global container industry during 2016 and the
bankruptcy of Hanjin Shipping Co reported earlier had a materially detrimental effect on Trencor’s
results for the year ended 31 December 2016. This was exacerbated by Trencor, in compliance
with the requirements of IFRS, having had to charge additional depreciation on and impairing the
container fleets of Textainer and TAC, beyond what is required under the US GAAP reporting
applied by these companies.

Shareholders are advised that as a result headline loss per share, adjusted headline loss per share
and loss per share for the year ended 31 December 2016 are expected to be within the ranges set
out below:

                                                     2016 Expected                         2015 Actual
                                              % decrease/(increase)                  cps           cps
 Headline (loss)/earnings per share                       178 - 190        (400) - (460)           513
 Adjusted headline (loss)/earnings per
 share (which excludes net unrealised
 foreign exchange gains on
 translation of long-term receivables)                    190 - 204        (400) - (460)           443
 Loss per share                                     (1076) - (1095)        (976) - (992)          (83)


The financial information on which this trading statement is based has not been reviewed and
reported on by Trencor’s independent auditors.

On behalf of the Board

DM Nurek Chairman

20 April 2017

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
www.trencor.net
 

Date: 20/04/2017 02:31:00 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.