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Trading Statement
CALGRO M3 HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/030045/06)
Share code: CGR ISIN: ZAE000109203
(“Calgro M3” or “the company”)
TRADING STATEMENT
In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware, with a reasonable degree of
certainty, that the financial results for the next period to be reported on are likely to vary by more
than 20% from the previous corresponding period.
The company expects an improvement of more than 50% in headline earnings per share (“HEPS”) for
the 6 months ending 31 August 2012, from a headline profit of 17.03 cents per share reported on in
the previous corresponding period.
The company expects an improvement of more than 50% in earnings per share ("EPS") for the 6
months ending 31 August 2012, from a profit of 17.03 cents per share reported on in the previous
corresponding period.
Due to uncertainties regarding the number of property registrations that will be registered in the
deed office by the end of 31 August 2012, Calgro M3 is unable to quantify the range of the increase
in HEPS and EPS with any degree of certainty.
The company currently has in excess of 1,900 units under construction and is installing services for an
excess of 3775 residential opportunities for future construction. Calgro M3 does not undertake
speculative construction and all units under construction have 3rd party guarantees in place. Not all
of these units will be completed, handed over and registered before 31 August 2012 as the majority
of these units are sectional title multi-storey units, which take 6 months to construct on average.
When the company has obtained a reasonable degree of certainty on the actual range of the
increase in EPS and the increase in HEPS, a further trading statement will be released.
The financial information on which this trading statement is based has not been reviewed or
reported on by the company’s auditors.
Johannesburg
23 July 2012
Sponsor
Grindrod Bank Limited
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