INDEQUITY GROUP LIMITED - Trading Statement for the Year Ended 30 September 2019

Trading Statement for the Year Ended 30 September 2019

INDEQUITY GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1998/015883/06
Share code: IDQ ISIN: ZAE000016606
(“Indequity” or “the Group”)


TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2019


Indequity is currently finalising its results for the year ended 30 September 2019.

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by at least 20% from those for the previous
corresponding period.

Accordingly, Indequity shareholders are advised that:

-   the Group's basic earnings per share (“EPS”) is expected to be between 93.52 and 97.96 cents per
    share, which is between 31.0% and 37.2% higher than the previous corresponding period’s EPS of
    71.41 cents per share; and

-   the Group’s headline earnings per share (“HEPS”) is expected to be between 94.06 and 98.50 cents
    per share, which is between 27.0% and 33.0% higher than the previous corresponding period’s
    HEPS of 74.06 cents per share.

The increase in EPS and HEPS is largely due to an improvement in investment income, increased
premium income, an improved claims experience as well as a reduction in the weighted average
number of shares in issue due to share repurchases after the previous corresponding period.

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

Indequity’s financial results are expected to be released on SENS on or about 20 November 2019.


Johannesburg
14 October 2019


Sponsor
Merchantec Capital

Date: 14/10/2019 10:09:00
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