ASTRAL FOODS LIMITED - Trading statement

Trading statement

Astral Foods Limited
("Astral Foods")
Registration number: 1978/003194/06
JSE Code: ARL ISIN: ZAE000029757

Trading statement

Further to the general trading update issued on 20 September
2017 which indicated a year-on-year improvement of at least
65% in both earnings per share and headline earnings per share,
shareholders are now advised that a reasonable degree of
certainty exists that Astral Foods' headline earnings per share
for the year ended 30 September 2017 will reflect an increase of
between 80% (772 cents per share) and 100% (965 cents per share)
compared to the previous comparable period. This implies that
headline earnings per share is expected to be between 1 737 and
1 930 cents per share. The headline earnings per share for the
financial year ended 30 September 2016 was 965 cents per share.

Earnings per share for the year ended 30 September 2017 will
reflect an increase of between 85% (819 cents per share) and
105% (1 012 cents per share) compared to the previous comparable
period. This implies that earnings per share is expected to be
between 1 783 and 1 976 cents per share. The earnings per share
for the year ended 30 September 2016 was 964 cents per share.

This further improvement is attributable, amongst others, to the
fact that no further losses were incurred as a result of the
outbreak of Avian Influenza for the remainder of the 2017
financial year. The all-round trading results for the month of
September 2017 were also significantly better than expected at
the time of the trading update published on 20 September 2017.

The financial information on which this trading statement is
based has not been reviewed and reported on by Astral Foods’
auditors.

It is expected that the results for the year ended 30 September
2017 will be published on SENS on 20 November 2017.

Pretoria

16 October 2017
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

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