Trading Statement Avior Capital Markets Holdings Limited Incorporated in the Republic of South Africa Registration number: 2015/086358/06 JSE Code: AVR ISIN: ZAE000211637 ("Avior Holdings" or “the Company”) TRADING STATEMENT In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are hereby advised that a reasonable degree of certainty exists that Avior Holdings’ headline earnings per share (“HEPS”) for the year ended 30 April 2018 will reflect a decrease of between 75% (decrease of 11.77 cents per share) and 85% (decrease of 13.34 cents per share) compared to the previous corresponding period. This implies that HEPS is expected to be between 2.35 cents and 3.92 cents. HEPS for the year ended 30 April 2017 was 15.70 cents. Shareholders are further advised that Avior Holdings’ earnings per share (“EPS”) for the year ended 30 April 2018 will also reflect a decrease of between 75% (decrease of 11.83 cents per share) and 85% (decrease of 13.41 cents per share) compared to the previous corresponding period. This implies that EPS is expected to be between 2.37 cents and 3.94 cents. EPS for the year ended 30 April 2017 was 15.78 cents. The information on which this trading statement is based has not been reviewed and reported on by Avior Holdings’ auditors. It is expected that the results for the year ended 30 April 2018 will be published on SENS on or about 27 July 2018. Sandton 24 July 2018 Designated Advisor Pallidus Capital Proprietary Limited Date: 24/07/2018 04:40:00 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.
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