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 6 months ended 31 August 2018 are
     expected to be between 70% and 75% lower (1.38 and 1.15 cents per share) than the HEPS of
     4.6 cents per share reported for the previous six months ended 31 August 2017; and
-    basic earnings per share (“EPS”) for the six months ended 31 August 2018 are expected to be
     between 80% and 85% lower (1.66 and 1.25 cents per share) than the EPS of 8.3 cents per share
     reported for the previous six months ended 31 August 2017.

The final announcement of the results for the six months ended 31 August 2018 will be released on
SENS on 30 November 2018 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
23 November 2018


Sponsor
Arbor Capital Sponsors Proprietary Limited

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