UNICORN CAPITAL PARTNERS LIMITED - Trading Statement for the six months ended 31 December 2018

Trading Statement for the six months ended 31 December 2018

Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP : ISIN: ZAE000244745
(“Unicorn” or “the Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2018

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it is satisfied, with a reasonable degree of certainty,
that the financial results for the period to be reported upon next will differ by at least 20% from those of
the previous corresponding reporting period (i.e. 31 December 2017).

Accordingly, shareholders are advised that, for the six months ended 31 December 2018, the Company
is expected to achieve:

-        a basic earnings per share (“EPS”) of 16.87 cents, being an increase of 1 462% compared to the
         EPS reported for the previous corresponding period of 1.08 cents; and

-        a headline loss per share (“HLPS”) of 1.50 cents, being an increase in the HLPS of 1 264%
         compared to the HLPS reported for the previous corresponding period of 0.11 cents.

Shareholders are further advised that the Company has restated its earnings from continuing operations
for the prior corresponding reporting period from 0.73 to 3.30 cents, as well as its HLPS from continuing
operations for the prior corresponding reporting period of 0.05 cents to a headline earnings per share
(“HEPS”) from continuing operations of 2.52 cents. This was as a result of Nkomati Anthracite and
Benicon Coal being classified as held-for-sale and being identified as discontinued operations as at 31
December 2018. There has been no restatement of the total earnings as a result of these
reclassifications.

The Company expects basic EPS from continuing operations, for the six months ended 31 December
2018 of 3.53 cents, being:

-        an improvement in the EPS from continuing operations of 384% compared to the EPS from
         continuing operations as previously reported for the previous corresponding period of 0.73 cents
         (prior to the restatement); and

-        an improvement in the EPS from continuing operations of 6.97% compared to the EPS from
         continuing operations for the previous corresponding period, as restated, of 3.30 cents.

The Company expects HEPS from continuing operations, for the six months ended 31 December 2018,
of 3.51 cents, being:

-        an improvement in the HEPS from continuing operations of 7 120% compared to the HLPS from
         continuing operations as previously reported for the previous corresponding period of 0.05 cents
         (prior to the restatement); and

-        an improvement in the HEPS from continuing operations of 39.29% compared to the HEPS from
         continuing operations for the previous corresponding period, as restated, of 2.52 cents.

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

Unicorn’s financial results for the six months ended 31 December 2018 are expected to be released
on or before 29 March 2019.

Johannesburg
22 March 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

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