Trading statement York Timber Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1916/004890/06) Share code: YRK ISIN: ZAE000133450 ("York" or “the Company”) TRADING STATEMENT York is in the process of finalising its interim results for the six months ended 31 December 2013 for release prior to 31 March 2014. 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 they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the previous corresponding period. Accordingly, shareholders are advised that: - operating profit for the six months ended 31 December 2013 is expected to be between 40% and 45% lower than the comparative period; - net cash from operating activities is expected to be between 15% and 20% higher than that reported in the comparative period; - the increase in biological asset value for the six months ended 31 December 2013 is expected to be between similar 0% - 2% greater than the adjustment in the comparative period. The biological asset valuation at 31 December 2013 is expected to be similar slightly increased to that at 31 December 2012; - earnings per share for the six months ended 31 December 2013 is expected to be between 65% and 70% lower than reported in the comparative period as a result of lower operating profit compared to the previous corresponding; and - headline earnings per share for the six months ended 31 December 2013 is expected to be between 65% and 70% lower than reported in the comparative period. Shareholders are advised that the information included in this announcement has not been reviewed or reported on by the Company’s auditors. Sabie, Mpumalanga 28 February 2014 Sponsor One Capital Date: 28/02/2014 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.