INDEQUITY GROUP LIMITED - Trading Statement for the Year Ended 30 September 2020

Trading Statement for the Year Ended 30 September 2020

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 2020


Indequity is currently finalising its results for the year ended 30 September 2020.

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 116.45 and 124.21 cents
    per share, which is between 20.7% and 28.8% higher than the previous corresponding period’s
    EPS of 96.47 cents per share; and

-   the Group’s headline earnings per share (“HEPS”) is expected to be between 116.41 and 124.17
    cents per share, which is between 20.0% and 28.0% higher than the previous corresponding
    period’s HEPS of 97.01 cents per share.

The increase in EPS and HEPS is largely due to a reduction in claims due to the COVID-19 lockdown
in April and May 2020, foreign exchange gains realised on the conversion of foreign currency
denominated cash as well as a reduction in the weighted average number of shares in issue due to
share repurchases effected 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 3 November 2020.


Johannesburg
21 October 2020


Sponsor
Merchantec Capital

Date: 21-10-2020 12:00:00
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