Trading Statement for the Six Months Ended 30 September 2018 OMNIA HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number 1967/003680/06 JSE code OMN ISIN ZAE000005153 (“Omnia” or “the Group”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018 In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous comparative period. Accordingly, a review by management of the financial results for the six months ended 30 September 2018 has indicated that the basic (loss)/earnings, headline (loss)/earnings, earnings per share (‘EPS’) and headline earnings per share (‘HEPS’) are expected as follows: Six months to Expected change in Six months to 30 September 2018 percentages 30 September 2017 Expected Values Actual Values Basic (loss)/earnings (R57m) to (R114m) -120% to -140% R285m Headline (loss)/earnings (R57m) to (R113m) -120% to -140% R283m EPS (85 cents) to (170 cents) -120% to -140% 423 cents HEPS (84 cents) to (168 cents) -120% to -140% 420 cents Shareholders are reminded of the cyclical nature of the Group’s Agriculture business which constitutes approximately half of Group revenue. Profitability for the first six months of the financial year is historically low with this business peaking during the South African summer planting season that typically runs from September to December each year. The Fertilizer margins are however reflective of the financial pressure being experienced by farmers and the competitive environment. The Mining business continues to experience pressure on volumes and margins across the various commodities and geographies in which the business operates. The Chemicals business remains under significant pressure due to the under-performing manufacturing and mining sectors along with the general slowdown in the South African economy. The decline in earnings for the first 6 months ended 30 September 2018 is attributable to the following items: • Lower profitability in the Agriculture division due to the delayed planting season in certain territories. • Margin pressure on emulsions, detonators and accessories in the Mining division as well as a further write down of a problematic debtor in Angola of R44 million where the client defaulted on the payment arrangements committed to in the prior reporting period. • A constrained manufacturing and mining sector in South Africa impacting the performance of the Chemicals division. • Higher unrealised foreign exchange gains in the prior period compared to foreign exchange losses in the current period due to the volatility of the South Africa rand against the US dollar. The Group does economically hedge foreign exchange risk however the recognition of the movements in the income statement do not always match. • Interest payable on long-term working capital loans raised following the utilisation of cash to acquire Umongo Petroleum effective 1 December 2018 and Oro Agri effective 1 April 2018. • Earnings for the six months for both Umongo Petroleum and Oro Agri have been negated in part by the amortisation of the intangible assets arising from the acquisitions. Protea Chemicals that forms part of the Chemicals division, is continuing to face deteriorating market conditions that are negatively impacting on the performance of the business. In light of the current market conditions, the business strategy has been reviewed and restructuring process commenced. The benefit of these interventions is only expected to improve the financial performance of the business in the next financial year. The Group is in the process of completing the financial results for the six months ended 30 September 2018 that are expected to be released on SENS on or about 27 November 2018. The financial information on which this trading statement is based has not been reviewed or reported on by Omnia’s independent external auditors. Johannesburg 12 November 2018 Date: 12/11/2018 07:51:00 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.