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 year ended
31 August 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         Audited
                                          year ended      year ended                  Percentage
                                         31 Aug 2013     31 Aug 2012      Change         increase

 Attributable earnings (R’000)                 39 625          32 156       7 469         23.2%
 Headline earnings (R’000)                     39 980          32 163       7 817         24.3%
 EPS (cents)                                     15.5            12.7         2.8         22.0%
 HEPS (cents)                                    15.6            12.7         2.9         22.8%
 NAV (cents)                                    122.5           107.5        15.0         14.0%
 TNAV (cents)                                   104.2            89.2        15.0         16.8%

 Number of shares in issue, net of
 treasury shares ('000)                      256 377         254 777
 Weighted average number of
 shares ('000)                               255 982         254 181

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 audited results for the year ended 31 August 2013, incorporating further commentary
on all operating units, are expected to be released on or before 19 November 2013.

Johannesburg
7 November 2013
Sponsor
Merchantec Capital

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