ANDULELA INVESTMENT HOLDINGS LIMITED - Updated trading statement

Updated trading statement

ANDULELA INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
JSE share code: AND ISIN: ZAE000172870
(“Andulela” or “the company”)


UPDATED TRADING STATEMENT


Shareholders are referred to the trading statement published on SENS on 18 August 2017, wherein the
company noted that it expected a loss per share and headline loss per share for the six months ended 30 June
2017, compared to the earnings per share and headline earnings per share of 5.84 cents for the six months
ended30 June 2016,and that an updated trading statement on the expected range of the loss per share and
headline loss per share would be provided, as soon as the company had a reasonable degree of certainty on the
financial results for the six months ended 30 June 2017 .

Accordingly, shareholders are advised that Andulela expects that its loss per share and diluted loss per share
for the six months ended 30 June 2017 will be between 270.85 cents per share and 325.02 cents per share. The
main contributor to the loss is the impairment of the goodwill on the tailing treatment operations.

Andulela also expects that its headline loss per share and diluted headline loss per share for the six months
ended 30 June 2017 will be between 10.37 cents per share and 12.44 cents per share.

The financial information on which this trading statement is based has not been reviewed or reported on by
the company’s auditors.

Andulela’s unaudited condensed consolidated interim financial statements for the six months ended 30 June
2017 are expected to be released on or about 29 September 2017.

28 September 2017


Sponsor

Java Capital

Date: 28/09/2017 07:30:00 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.