TRADING STATEMENT GOLD BRANDS INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number: 2015/168426/06 Share code on the JSE: GBI ISIN: ZAE 000212791 (“Gold Brands” or “the Company” or “the Group”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by 20% or more from the previous corresponding period. Shareholders are advised that Gold Brands Investments Limited is in the process of finalising its results for the year ended 28 February 2017. It is anticipated, with a reasonable degree of certainty that the basic loss will be between 40.00 and 47.00 cents per share, and the headline loss will be between 37.00 and 44.00 cents per share (2016: basic and headline earnings were 10.25 cents per share) which equates to a decline of more than 100% in basic and headline earnings per share. The financial information on which this trading statement is based has not been reviewed by Gold Brands Investments Limited’s auditors. The Group’s reviewed provisional condensed group financial results for the year ended 28 February 2017 is expected to be published on SENS by 30 June 2017. Johannesburg 27 June 2017 Sponsor and Corporate Advisor River Group Date: 27/06/2017 05:05:00 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.