Trading Statement Tiso Blackstar Group SE (Incorporated in England and Wales) (Company number SE 110) (registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10) Share code: TBG ISIN: GB00BF37LF46 (“the Company”) TRADING STATEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that the Company’s results for the period ended 31 December 2017 have been retrospectively adjusted to account for the investments in Robor and the CSI disposal group as discontinued operations, as detailed in the Company’s annual results for the year ended 30 June 2018. The results for the period ended 31 December 2017 have also been amended in accordance with International Financial Reporting Standards, as the interest in KTH is no longer accounted for as a non-current asset held for sale (held at its fair value less costs to sell) but rather accounted for as an investment in associate being equity accounted and tested for impairment annually with reference to the KTH portfolio valuation. Accordingly, the results for the period ending 31 December 2017 have been reclassified and amended as follows: Previously reported Reclassified and 31 December 2017 amended 31 December 2017 (cents) (cents) Basic earnings/ (loss) per share 19.02 (14.91) Continuous operations 18.83 (18.36) Discontinued operations 0.19 3.45 Headline earnings/ (loss) per share 20.44 38.26 Continuous operations 20.51 35.20 Discontinued operations (0.07) 3.06 The Company hereby advises that a reasonable degree of certainty exists that the financial results for the period ended 31 December 2018 are expected to be within the following range: Reclassified and Expected range Expected range amended 31 December 2018 31 December 2018 31 December 2017 (cents) (cents) Basic earnings/(loss) (14.91) (33.90) to (30.92) (127.4%) to (107.4%) per share Continuous (18.36) (28.39) to (24.72) (54.7%) to (34.7%) operations Discontinued 3.45 5.51 to 6.20 59.6% to 79.6% operations Headline earnings/(loss) 38.26 17.68 to 25.34 (53.8%) to (33.8%) per share Continuous 35.20 15.26 to 22.33 (56.6%) to (36.6%) operations Discontinued 3.06 2.39 to 3.01 (21.8%) to (1.8%) operations The financial information on which this trading statement is based has not been reviewed or reported on by the auditor of the Company. The financial results for the six months ended 31 December 2018 are expected to be published on or about 27 March 2019. London 22 March 2019 Sponsor PSG Capital Date: 22/03/2019 04:30:00 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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