Trading Statement ELB Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1930/002553/06) Share code: ELR ISIN: ZAE000035101 (“ELB”, “the Company” or “the Group”) TRADING STATEMENT In terms of the JSE Limited Listings Requirements, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period (being the year ended 30 June 2017) will differ by at least 20% from the financial results for the previous corresponding reporting period (being the year ended 30 June 2016). In the results for the previous corresponding reporting period, the Group advised that it had budgeted for a return to profitability during the coming financial year. The board is pleased to advise shareholders that ELB expects to achieve headline earnings per share (“HEPS”) and earnings per share (“EPS”) for the current reporting period as against the headline loss per share (“HLPS”) and loss per share (”LPS”) in respect of the previous corresponding reporting period. HEPS for the current reporting period is expected to be at least 675.2 cents higher than the HLPS of 519.4 cents reported in the previous corresponding reporting period, resulting in a HEPS of at least 155.8 cents. EPS for the current reporting period is expected to be at least 676.5 cents higher than the LPS of 516.4 cents reported in the previous corresponding reporting period, resulting in a EPS of at least 160.1 cents. There is currently insufficient certainty to enable the Group to provide specific guidance on the extent of the expected increase in both HEPS and EPS and it is anticipated that ELB will publish a further trading statement closer to the release of its annual financial results on the Stock Exchange News Service, the expected timing of release of which is on or about 20 September 2017. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. Johannesburg 14 July 2017 Sponsor Questco Corporate Advisory Proprietary Limited Date: 14/07/2017 03:25:00 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.