Trading statement Stefanutti Stocks Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the Group”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of directors of Stefanutti Stocks hereby provides shareholders with a trading update of the Group’s results for the year ended 28 February 2018. The Group is required to test goodwill for impairment at each reporting period or when there is an indicator of impairment. At 28 February 2018 an impairment of R667 million was recognised, predominantly relating to the goodwill that arose from the Stocks Limited acquisition. This impairment is reversed from earnings per share in determining headline earnings per share. As a result thereof, earnings per share is expected to be a loss of between 285,00 cents and 305,00 cents per share, whereas headline earnings per share is expected to show a profit of between 80,00 cents and 100,00 cents per share. The corresponding 2017 reporting period reflected earnings per share reported as a loss of 79,34 cents whilst headline earnings per share reflected a profit of 10,94 cents. The financial information on which this trading statement is based has not been reviewed or reported on by the Group’s auditors. The release of the results for the year ended 28 February 2018 is anticipated to be published on 17 May 2018. Johannesburg 26 April 2018 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 26/04/2018 10:27:00 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.