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Release Date: 04/11/2019 10:25
Code(s): EMN EMH     PDF:  
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Trading Statement

(Incorporated in Republic of South Africa)
Registration number: 1968/011249/06
JSE share code: EMH      IZIN: ZAE000208898
JSE share code: EMN      IZIN: ZAE000209524
(“eMedia Holdings” or “the Group”)


The directors of eMedia Holdings hereby advise shareholders that, in respect of the consolidated financial
results for the six months ended 30 September 2019, earnings per share and headline earnings per share are
expected to vary by the amounts included in the table below:

                                                                                            30 September
                                                      30 September        30 September              2018
                                   30 September                2019               2018         Published
                                           2019        Range (cents     Restated (cents        (cents per
                                       Range (%)          per share)         per share)            share)
 Continuing operations:

 Earnings per share (cents)                >120%     15.00 and 16.00              6.74               7.03
 Headline earnings per share               >190%     15.00 and 16.00              5.02               5.30
 Discontinuing operations:

 Loss per share (cents)                     >65%      -0.5 and  -1.3             -4.19              -4.48
 Headline loss per share (cents)            >75%      -0.1 and  -0.4             -1.68              -1.96
 Total operations:

 Earnings/(loss) per share                 >470%     14.65 and 15.15              2.55               2.55
 Headline earnings/(loss) per              >350%     15.15 and 15.80              3.34               3.34
 share (cents)


During the period under review, the operations of Jacana Media and Crystal Brook Distribution met the
requirements for classification as a discontinued operation in terms of International Financial Reporting
Standards (IFRS). Earnings per share and headline earnings per share in respect of the comparative period
30 September 2018 have been restated accordingly.

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

The Group’s results for the six months ended 30 September 2019 is expected to be published on SENS on or
about 22 November 2019.

04 November 2019

Investec Bank Limited

Date: 04/11/2019 10:25:00
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