ADRENNA PROPERTY GROUP LIMITED - Trading Statement

Trading Statement

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
“Adrenna” or “the Group”

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing
Requirements, a listed company is required to publish a trading statement as soon as
it is satisfied that a reasonable degree of certainty exists that the financial results for
the period to be reported upon next will differ, by at least 20%, from those of the
previous corresponding period.

Shareholders are advised that:

-    the Group’s headline earnings per share (“HEPS”) for the six months ended
     31 August 2017 are expected to be between 5% and 10% lower (4.75 and 4.5
     cents per share) than the HEPS of 5.0 cents per share reported for the previous
     six months ended 31 August 2016; and
-    basic earnings per share (“EPS”) for the six months ended 31 August 2017 are
     expected to be between 20% and 30% lower (8.8 and 7.7 cents per share) than
     the EPS of 11.0 cents per share reported for the previous six months ended
     31 August 2016.

The final announcement of the results for the six months ended 31 August 2017 will be
released on SENS on 30 November 2017 with a short-form announcement being
published on the same day.

This trading statement and the forecast financial information contained herein has not
been reviewed and reported on by the Group’s external auditors.

Johannesburg
24 November 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

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