CSG HOLDINGS LIMITED - Further Trading Statement

Further Trading Statement

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN: ZAE000184438
(“CSG”, “the Company” or together with its
subsidiaries, “the Group”)


FURTHER 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 of CSG are referred to the initial trading statement issued on 20 March 2019
and the operational update issued on 30 April 2019 and are hereby advised that a reasonable
degree of certainty exists that for the year ended 31 March 2019:

-   headline earnings per share will be between 3.30 cents and 5.30 cents, representing a
    decrease of between 85% and 76%, compared to the headline earnings per share of
    21.85 cents reported for the year ended 31 March 2018; and

-   basic losses per share will be between 27.19 cents and 31.55 cents, compared to the
    basic earnings per share of 21.83 cents reported for the year ended 31 March 2018.

Headline earnings per share decreased mainly due to once-off negative adjustments arising
from the recoverability of bad debt that accrued during the integration period of the Stallion
business and other bolt-on acquisitions of approximately R21 million, the fraudulent activities
and malpractices by a senior manager in BDM Staffing of approximately R9 million and in
Global Industrial Projects of approximately R3 million, coupled with the overall performance of
the Group.

Basic earnings per share decreased by a larger margin than headline earnings per share
mainly as a result of the reasons listed above together with the impairment of the security
business goodwill of approximately R200 million.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The audited results for the year ended 31 March
2019, together with its annual report, are expected to be published on or about 28 June 2019.

Pretoria
25 June 2019

Sponsor
PSG Capital

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