SPANJAARD LIMITED - Trading Statement

Trading Statement

SPANJAARD LIMITED
(Registration Number 1960/004393/06)
Share code: SPA ISIN: ZAE000006938
("the company")


TRADING STATEMENT


Shareholders are advised that it is reasonably certain that, for the financial year
ended 28 February 2019:

   -   the headline earnings per share is expected to be between 29,98 and
       33,22 cents per share, as compared to the headline loss per share of
       54,1 cents reported for the financial year ended 28 February 2018, and

   -   the earnings per share is expected to be between 29,03 and 32,37 cents
       per share, as compared to the loss per share of 55,7 cents reported for
       the financial year ended 28 February 2018.

Shareholders are advised that the company is in the process of finalising its
results for the period concerned. It is expected that these results will be
released on SENS on or about 31 May 2019.

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

By order of the board.

Johannesburg
10 May 2019

Sponsors
Arbor Capital Sponsors Proprietary Limited

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