Sharenet Sites 
Sharenet Sites
Adoption of net asset value per share measure for trading statement purposes
African Rainbow Capital Investments Limited
(Incorporated in the Republic of Mauritius)
(Registration number C148430)
JSE share code: AIL
ISIN: MU0553S00000
("AIL" or "the Company")
ADOPTION OF NET ASSET VALUE PER SHARE MEASURE FOR TRADING STATEMENT PURPOSES
In compliance with the JSE Limited Listings Requirements, shareholders are advised that, owing
to the nature of the business conducted by AIL and its core strategic objective being to grow net
asset value per share (‘NAVPS’), the Board of the Company has decided to adopt NAVPS as the
relevant performance measure for trading statement purposes for the interim period ended 31
December 2017 and going forward.
As an investment entity, one of AIL’s key business objectives is to deliver shareholders superior
long-term capital appreciation by investing in a portfolio of public and privately owned investments
at various stages of development. AIL will not own a controlling interest in the majority of
companies in which it invests.
Therefore, the sustainability of the NAVPS and growth thereon over a longer period of time is
considered a more appropriate measurement of financial performance, in comparison to headline
earnings per share and earnings per share.
AIL undertakes to confirm the appropriateness of NAVPS as the performance measure annually
in the annual financial statements.
Shareholders are further advised that the Company’s interim results announcement will be
released on SENS on or about Tuesday, 13 March 2018.
Ebene, Mauritius (with simultaneous circulation in Johannesburg)
6 March 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/03/2018 12:47:00 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.
