TRADEHOLD LIMITED - Trading Statement

Trading Statement

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
ISIN: ZAE000152658
JSE share code: TDH
(“Tradehold” or the “Company”)

TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited (“JSE”),
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 forthcoming reporting period
will differ by at least 15% from the results of the previous
corresponding reporting period.


Accordingly, shareholders are advised that Tradehold’s net asset
value per share (“NAVPS”) for the six months ended 31 August
2017 is expected to increase by between 25.5% and 40.5% (an
increase approximating 23.6 pence to 37.5 pence, resulting in
an approximating NAVPS of between 116.3 pence to 130.2 pence)
compared to the NAVPS reported for the six months ended 31 August
2016 of 92.6 pence per share.


Tangible net asset value per share (“TNAVPS”), as defined by
management and which excludes goodwill, deferred tax assets and
deferred tax liabilities, for the six months ended 31 August
2017 is expected to increase by between 45.5% and 60.5% (an
increase approximating 39.7 pence to 52.8 pence, resulting in
an approximating TNAVPS of between 127.0 pence to 140.0 pence)
compared to the TNAVPS calculated for the six months ended 31
August 2016 of 87.3 pence per share.


It is expected that the financial results for the half year
ended 31 August 2017 will be published on or about 9 November
2017.


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


Cape Town
20 October 2017

Sponsor
Bravura Capital Proprietary Limited

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