ADRENNA PROPERTY GROUP LIMITED - Trading Statement

Trading Statement

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
“Adrenna” or “the Group”

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing
Requirements, a listed company is required to publish a trading statement as soon as
it is satisfied that a reasonable degree of certainty exists that the financial results for
the period to be reported upon next will differ, by at least 20%, from those of the
previous corresponding period.

Shareholders are advised that:

-    the Group’s headline earnings per share (“HEPS”) for the year ended
     28 February 2017 are expected to be between 5% and 10% higher (12.5 and
     13.1 cents per share) than the HEPS of 11.9 cents per share reported for the
     previous financial year ended 29 February 2016; and
-    basic earnings per share (“EPS”) for the year ended 28 February 2017 are
     expected to be between 160% and 170% higher (36.4 and 37.8 cents per
     share) than the EPS of 14.0 cents per share reported for the previous financial
     year ended 29 February 2016.

The audited annual financial statements and consolidated financial statements for
the year ended 28 February 2017 will be mailed to shareholders before the end of
May 2017. The abridged financial statements in respect of the year ended
28 February 2017 will be released on SENS simultaneously with the mailing of the
audited annual financial statements.

This trading statement and the forecast financial information contained herein has
not been reviewed and reported on by the Group’s external auditors.

Johannesburg
11 May 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

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