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Release Date: 25/03/2019 11:10
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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 basic and headline loss for the year
ended 31 December 2018 will be between 4.03 and 4.43 cents per share, compared to its basic loss of 296.13
cents and a headline loss of 10.01 cents per share for the year ended 31 December 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 year ended 31 December 2018 are expected to be released on or about
27 March 2019.

25 March 2019


Bridge Capital Advisors Proprietary Limited

Date: 25/03/2019 11:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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