TRANS HEX GROUP LIMITED - Trading Statement

Trading Statement

TRANS HEX GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1963/007579/06
Share code: TSX
ISIN: ZAE000018552
(“Trans Hex” or the “Company” or the “Group”)

TRADING STATEMENT

Trans Hex is currently finalising its results for the interim period ended 30 September 2018
(“Results”), which are expected to be released on SENS on or about 14 December 2018.

Results in this trading statement are compared with results for the interim period ended
30 September 2017 (“Previous Corresponding Period”).

The Group expects to report:

-   earnings per share of 37,6 cents compared to a loss per share of 188,4 cents in the Previous
    Corresponding Period; and
-   headline earnings per share of 41,5 cents compared to a headline loss per share of 195,10 cents
    in the Previous Corresponding Period.

COMMENTS

The following salient points will be fully reported upon when the Group releases its Results:

-   Group net profit amounted to R52,0 million (September 2017: loss of R199,2 million).
-   Sales revenue from the South African operations increased to R136,2 million
    (September 2017: R40,1 million).
-   Group net loss from continuing operations amounted to R26,8 million (September 2017: loss of
    R2,3 million).
-   Profit from the discontinued Lower Orange River operations amounted to R77,8 million
    (September 2017: loss of R197,7 million), directly attributable to the proceeds from its sale.
-   Equity accounting profit from Somiluana Mine in Angola amounted to R25,9 million
    (September 2017: profit of R18,7 million).
-   Other gains – net amounted to R29,7 million, primarily due to the re-measurement of the West
    Coast Resources (Pty) Ltd rehabilitation provision which resulted in a gain of R94,1 million being
    recognised and a loss on re-measurement to fair value and finalisation of gain with acquisition of
    subsidiary amounting to R86,1 million.
-   The Group’s net cash position at the end of the period was R42,9 million
    (September 2017: R41,3 million).
-   Earnings per share amounted to 37,6 cents (September 2017: loss of 188,4 cents) and headline
    earnings per share amounted to 41,5 cents (September 2017: loss of 195,1 cents).
-   Adjusted headline earnings per share amounted to a loss of 41,1 cents (September 2017: loss of
    89,7 cents). The re-measurement of the West Coast Resources (Pty) Ltd rehabilitation provision
    amounting to R94,1 million was reversed to arrive at the adjusted headline earnings per share. In
    the previous corresponding period’s figure, retrenchment costs of R111,4 million at the Lower
    Orange River Operations were added back.
-   Net asset value per share amounted to 217,8 cents (September 2017: 142,0 cents).

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company’s auditors.

Cape Town
11 December 2018

Sponsor
One Capital

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