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Release Date: 17/09/2018 11:50
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Trading statement

(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
JSE share code: AND ISIN: ZAE000172870
(“Andulela” or “the company”)


In terms of the JSE Listings Requirements, 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 financial results for the previous corresponding

Accordingly, shareholders are advised that Andulela expects that its loss and diluted loss per share for the
six months ended 30 June 2018 will be between 9.59 and 11.50 cents per share, compared to the loss and
diluted loss of 297.28 cents per share for the six months ended 30 June 2017, which included an impairment
of goodwill of R300 million in respect of that period.

The headline loss and diluted headline loss per share are not expected to differ by more than 20% from the
headline and diluted headline loss per share reported for the same period in 2017.

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

The financial results for the six months ended 30 June 2018 are expected to be released on or about 28
September 2018.


17 September 2018

Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 17/09/2018 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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