SPANJAARD LIMITED - Trading Statement

Trading Statement

SPANJAARD LIMITED
(Registration Number 1960/004393/06)
Share code: SPA ISIN: ZAE000006938
("the company")


TRADING STATEMENT


Shareholders are advised that it is reasonably certain that, for the financial year
ended 28 February 2018:

   -   the headline loss per share is expected to be between 53,91 and
       54,29 cents per share, as compared to the headline earnings per share
       of 6,2 cents reported for the financial year ended 28 February 2017, and

   -   the loss per share is expected to be between 55,55 and 55,85 cents per
       share, as compared to the earnings per share of 5,1 cents reported for
       the financial year ended 28 February 2017.

Shareholders are advised that the company is in the process of finalising its
results for the period concerned. It is expected that these results will be
released on SENS on or about 31 May 2018.

The financial information on which this trading statement is based has not been
reviewed and reported on by the company’s auditors.


By order of the board.

Johannesburg
7 May 2018

Sponsors
Arbor Capital Sponsors Proprietary Limited

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