Update on the disposal of the Consumer Finance Division, effect on Interim Results and Trading Statement JD Group Limited (Incorporated in the Republic of South Africa) (Registration number 1981/009108/06) ISIN: ZAE000030771 JSE code: JDG ("JD Group" or “the Company”) UPDATE ON THE DISPOSAL OF THE CONSUMER FINANCE DIVISION, EFFECT ON INTERIM RESULTS AND TRADING STATEMENT IN RESPECT OF THE SIX MONTHS ENDED 31 DECEMBER 2014 1. TRADING UPDATE As required in terms of paragraph 3.4 of the JSE Limited’s Listings Requirements (“Listings Requirements”), shareholders are hereby advised that a reasonable degree of certainty exists that the Company’s results for the six months ended 31 December 2014 will be as follows: Continuing operations The earnings per share from continuing operations for the six months ended 31 December 2014 will be between 66.8 and 70.5 cents per share, which is between 80% and 90% higher than that of the comparative period (31 December 2013: earnings of 37.1 cents per share), while the headline earnings per share from continuing operations for the same period will be between 67.7 and 72.2 cents per share, which is between 50% and 60% higher than that of the comparative period (31 December 2013: headline earnings of 45.1 cents per share). Discontinued operations Shareholders are referred to the detailed terms announcement published by the Company dated 18 December 2014 pertaining to the disposal of the Company’s Consumer Finance Business, excluding the Insurance operations (“the Business sale”). The circular relating to the Business sale and notice of the general meeting for shareholders to consider and if deemed fit, approve the Business sale was distributed to shareholders on 27 January 2015. In terms of International Financial Reporting Standards, the disposal group is classified as discontinued operations and was written down to its net realisable asset value of R4.7 billion on 31 December 2014 based on the purchase price formula in terms of the Business sale agreement. Accordingly, earnings per share for continued and discontinued operations for the six months ended 31 December 2014 will be a loss of between 543.5 and 550.2 cents per share, which will be between 710% and 720% more than that of the comparative period (31 December 2013: loss of 67.1 cents per share), while the headline loss per share for the same period will be between 449.2 and 455.1 cents per share, which will be between 660% and 670% more than that of the comparative period (31 December 2013: headline loss of 59.1 cents per share). The financial information in this trading statement has not been reviewed or reported on by JD Group’s auditors. The results for the six months ended 31 December 2014 will be published on or about 2 March 2015. 2. UPDATE ON THE DISPOSAL OF THE CONSUMER FINANCE DIVISION TRANSACTION (DISCONTINUED OPERATIONS) The general meeting will be held at 10:00 on Wednesday, 25 February 2015, at the ID Sussman Auditorium on the Ground Floor, JD House, 27 Stiemens Street, Braamfontein. To date, the Company has received undertakings and proxies from more than 95% of shareholders indicating their support for the Business Sale. The Company has made the required submissions to the Competition authorities and is awaiting feedback. The remaining conditions precedent must be fulfilled or waived on or before 31 May 2015. 24 February 2015 By order of the Board Johannesburg Sponsor: PSG Capital Proprietary Limited Date: 24/02/2015 10:10:00 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.