Trading Statement PBT Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1936/008278/06) JSE Share code: PBG ISIN: ZAE000256319 ("PBT Group" or “the Company”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018 In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period. Shareholders of the PBT Group (“Shareholders”) are advised that the Company is currently finalising its results for the six months ended 30 September 2018. Results from continuing and discontinued operations are expected to be as follows: For the six months For the six months ended 30 September ended 30 September 2018 2017 Continuing operations Earnings per share 0.22 cents per share (0.33) cents per share Headline earnings per 0.23 cents per share (0.33) cents per share share For the six months For the six months ended 30 September ended 30 September 2018 2017 Discontinued operations Earnings per share 0.65 cents per share 0.06 cents per share Headline earnings per 0.09 cents per share 0.06 cents per share share After share For the six months For the six months consolidation and ended 30 September ended 30 September cancellation of treasury 2018 2017 shares 1 Continuing operations Earnings per share 2.84 cents per share (3.31) cents per share Headline earnings per 2.94 cents per share (3.31) cents per share share 1 The share consolidation and cancellation of 305,062,917 treasury shares pursuant to the Supplementary Circular dated 28 August 2018 and approved by Shareholders at the general meeting of the Company held on 28 September 2018 was effected on 30 October 2018 and 6 November 2018 respectively, subsequent to the six month period to which this trading statement relates and the information in this table is provided for illustrative purposes only. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. By order of the board of directors. Cape Town 05 December 2018 Sponsor: Sasfin Capital A member of the Sasfin Group Date: 05/12/2018 04:57:00 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.