Trading statement ONELOGIX GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/004519/06) JSE share code: OLG ISIN: ZAE000026399 (“OneLogix” or “the company” or “the group”) TRADING STATEMENT In line with the protracted listless economy, the first six months of the current financial year has proven to be extremely difficult with pricing and volume pressures negatively affecting all operating segments of the group. Shareholders are advised that OneLogix expects changes in earnings and diluted earnings per share (“EPS”), headline and diluted headline earnings per share (“HEPS”) and core headline and diluted core headline earnings per share (“Core HEPS”), for the six month period ended 30 November 2019 (“current period”), within the ranges reflected in the table below: Previously Impact of Restated 30 30 November 30 November 2019 reported adoption of IFRS November 2019 expected 2019 expected expected 30 November 16 on 30 2018 (cents range from range from range 2018 (cents November 2018 per share) (1) previously restated results (cents per per share) results (cents per reported results share) share) EPS 25.4 (3.1) 22.3 Decrease of Decrease of 15.4 to between 31% to between 22% to 17.4 39% 31% HEPS 25.5 (3.1) 22.4 Decrease of Decrease of 16.0 to between 29% to between 20% to 18.0 37% 29% Core 28.8 (3.1) 25.7 Decrease of Decrease of 18.8 to HEPS (2) between 26% to between 17% to 21.3 35% 27% Notes: 1. The group has adopted IFRS 16 effective from 1 June 2019 whereby right-of-use assets and associated liabilities for its operating leases of vehicles and properties have been recognised. The nature of expenses related to those leases has changed as the group now incurs depreciation charges for the right-of-use assets and interest expenses on the lease liabilities. Previously, the group recognised operating lease expenses on a straight-line basis over the term of the leases. In order to enable more meaningful comparability of performance the group has applied the full retrospective approach whereby historic comparative information has been restated. IFRS 16 has no impact on the income statement over the full lease term but is earnings dilutive towards the beginning of the relevant lease term and earnings enhancing towards the end of the lease term. The group is on average at the beginning stages of most of its leases and hence the reduction in all earning metrics in the previous period. Cash outflows associated with the adoption of IFRS 16 regarding the payment of the lease obligations did not and will not change going forward. 2. Consistent with prior reporting the company aims to present to shareholders the same information that management utilises to evaluate the performance of the group’s operations. Accordingly, we present Core HEPS, which is headline earnings (as calculated based on SAICA Circular 4/2018) adjusted for the amortisation charge of intangible assets recognised on business combinations and charges relating to share-based payments. The estimated financial information contained in this announcement has not been audited, reviewed or reported upon by the group's external auditors. The group's interim results for the six-month period ended 30 November 2019 are scheduled to be released on or about 6 February 2020. 15 January 2020 Sponsor Java Capital Date: 15-01-2020 03:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.