eMEDIA HOLDINGS LIMITED - Unaudited consolidated condensed interim results and cash dividend for the six months ended 30 September 2019

Unaudited consolidated condensed interim results and cash dividend for the six months ended 30 September 2019

eMedia Holdings Limited
(Incorporated in the Republic of South Africa) (Registration number 1968/011249/06)
Ordinary shares (share code: EMH - IZIN: ZAE000208898) N ordinary shares (share code: EMN - IZIN: ZAE000209524)
(eMedia Holdings or the company or the group)

UNAUDITED CONSOLIDATED CONDENSED INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTH PERIOD ENDED 30 SEPTEMBER 2019

                                          2019       2018         %
                                        R000's     R000's* movement
Revenue                              1 231 123  1 154 858      6,6%
Operating Profit                       147 418     82 973     77,7%
Net asset value per share (cents)        1 044      1 030      1,4%
Basic Earnings per Share (cents)         14,80       2,55    480,4%
Headline Earnings per Share (cents)      15,44       3,34    362,3%
Dividends per share (cents)                 10          -         -
Total number of shares in issue        445 738    445 738

* Restated for discontinued operations

The directors of eMedia Holdings have resolved to declare an interim cash dividend for the period ended 30 September 2019
of 10 cents per share (2018: Nil). The dividend to shareholders relates to the ordinary shares (share code: EMH) and N ordinary
shares (share code: EMN). The dividend has been declared out of income reserves. The dividend will be subject to a local dividend
withholding tax at a rate of 20%, which will result in a net interim dividend to those shareholders not exempt from paying dividend
withholding tax of 8 cents per ordinary share and 10 cents per ordinary share for those shareholders who are exempt from
dividend withholding tax. In terms of dividend withholding tax legislation, any dividend withholding tax amount due will be withheld
and paid over to the South African Revenue Service by a nominee company, stockbroker or Central Securities Depository Participant
(collectively regulated intermediary) on behalf of shareholders. All shareholders should declare their status to their regulated
intermediary as they may qualify for a reduced dividend withholding tax rate or exemption. The salient dates for the payment of the
dividend are as follows:

Last day to trade cum dividend Tuesday, 10 December 2019
Commence trading ex dividend Wednesday, 11 December 2019
Record date Friday, 13 December 2019
Payment date Tuesday, 17 December 2019
Share certificates may not be dematerialised nor rematerialised between Wednesday, 11 December 2019 and
Friday, 13 December 2019, both dates inclusive.

eMedia Holdings' tax reference number is 9650/144/71/1.

This unaudited short-form announcement is the responsibility of the directors and is only a summary of the information in
the full unaudited announcement and does not contain full or complete details.

The full unaudited announcement can be found on the Company's website at http://www.emediaholdings.co.za and also at the
following link:
https://senspdf.jse.co.za/documents/2019/jse/isse/EMNE/Interims.pdf.

The full unaudited announcement is available at 5 Summit Road, Dunkeld West, Johannesburg, 2196 and at the offices of the
sponsor.

For and on behalf of the board

Mahomed Khalik Sherrif                 Antonio Lee
Chief Executive Officer                Financial director


Directors: JA Copelyn* (chairman), K Sherrif (chief executive officer), AS Lee (financial director), TG Govender*, Y
Shaik*, VE Mphande*^,
L Govender*^, RD Watson*^
*Non-executive ^Independent

Company Secretary: HCI Managerial Services Proprietary Limited

Registered Office: 5 Summit Road, Dunkeld West, Hyde Park, Johannesburg, 2196, Private Bag X9944, Sandton, 2146

Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196,
PO Box 61051, Marshalltown, 2107

Auditors: BDO South Africa Incorporated, Wanderers Office Park, 52 Corlett Drive, Illovo, 2196, Private Bag X10046, Sandton, 2146




Date: 21/11/2019 10:40:00
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