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ARB HOLDINGS LIMITED - Trading Update

Release Date: 29/01/2018 17:42
Code(s): ARH     PDF:  
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Trading Update

ARB HOLDINGS LIMITED
(Registration number: 1986/002975/06)
Share code: ARH      ISIN: ZAE000109435
(“ARB” or “the company”)

TRADING UPDATE

In accordance with paragraph 3.4 of the Listings Requirements
of the JSE Limited, a listed company is required to publish a
trading statement as soon as it becomes aware, with a reasonable
degree of certainty, that the financial results for the next
period to be reported on are likely to vary by more than 20%
from the previous corresponding period.”

Shareholders are advised that ARB expects its earnings per share
(“EPS”) for the six months ended 31 December 2017, to be between
36.19 cents and 37.86 cents which is between 30% and 36% higher
than the EPS reported for the six months ended 31 December 2016,
of 27,84 cents.

It further expects its headline earnings per share (“HEPS”) for
the six months ended 31 December 2017, to be between 36.49 cents 
and 38.18 cents which is between 30% and 36% higher than the
HEPS reported for the six months ended 31 December 2016, of
28,07 cents.

The expected increase arises primarily from a IFRS non-cash
reduction in the valuation of the Put Option Liability issued
to the non-controlling interests in Eurolux, mainly attributable
to a decrease in the ARB price earnings ratio applicable in
terms of the Put Option. Shareholders are cautioned that this
reduction in the valuation of the Put Option Liability is
sensitive to the ARB share price and may also reverse in the
short term.

ARB’s results for the six months ended 31 December 2017 are
expected to be released on or about Thursday, 15 February 2018.

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

Durban
29 January 2018

Sponsor
Grindrod Bank Limited

Date: 29/01/2018 05:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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