BELL EQUIPMENT LIMITED - Updated trading statement

Updated trading statement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“Bell Equipment” or “the Company”)

UPDATED TRADING STATEMENT

Shareholders are referred to the trading statement released on
SENS on 14 August 2017 wherein it was reported that the
Company’s earnings per share (“EPS”) and headline earnings per
share (“HEPS”) were expected to be at least 70% higher (at least
47 cents higher) for the half year ended 30 June 2017 (“the
period”), when compared to the EPS and HEPS of 67 cents for the
half year ended 30 June 2016.

Bell Equipment herewith reports that it expects EPS and HEPS for
the period to be between 115 and 125 cents (or between 72% and
87% higher), compared with EPS and HEPS of 67 cents for the half
year ended 30 June 2016.

The expected increase in earnings is mainly due to:
  - An improvement in demand in especially the South African
     market.
  - Certain once-off recoveries during the period, including
     the recovery of a substantial customer account provided for
     in a prior period.
  - An improvement in the financial results of the Company’s
     subsidiary in the Democratic Republic of Congo in the half
     year ended 30 June 2017 compared with the same period last
     year, when significant losses were incurred as previously
     reported on.

The results for the half year ended 30 June 2017 are expected to
be announced on SENS on or about 31 August 2017.

The financial information on which this trading statement is
based has not been reviewed and reported on by the Company's
external auditors.


Richards Bay
29 August 2017

Sponsor
INVESTEC BANK LIMITED


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