CONDUIT CAPITAL LIMITED - Trading Statement

Trading Statement

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND         ISIN: ZAE000073128
(“Conduit” or “the group”)


TRADING STATEMENT

In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to
be reported on will differ by more than twenty percent from that of the previous corresponding
period. Accordingly, a review by management of the financial results for the six months ended
28 February 2013 has indicated that attributable earnings, headline earnings, earnings per share
(“EPS”), headline earnings per share (“HEPS”), net asset value per share (“NAV”) and tangible
net asset value per share (“TNAV”) are expected to be as follows:


                                           Unaudited       Unaudited
                                          six months      six months
                                               ended           ended                  Percentage
                                         28 Feb 2013     28 Feb 2012      Change         increase

 Attributable earnings (R’000)                 24 952          19 888       5 064           25.5
 Headline earnings (R’000)                     24 992          20 438       4 554           22.3
 EPS (cents)                                      9.7             7.8         1.9           24.4
 HEPS (cents)                                     9.8             8.0         1.8           22.5
 NAV (cents)                                    116.8           102.6        14.2           13.8
 TNAV (cents)                                    98.4            84.4        14.0           16.6

 Number of shares in issue, net of
 treasury shares ('000)                      256 377         254 777
 Weighted average number of
 shares ('000)                               255 982         254 777

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



Conduit’s unaudited results for the six months ended 28 February 2013, incorporating further
commentary on all operating units, are expected to be released by the end of April 2013.

Johannesburg
11 April 2013
Sponsor
Merchantec Capital

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