BID CORPORATION LIMITED - Trading Statement

Trading Statement

Bid Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number: 1995/008615/06
Share Code: BID
ISIN ZAE 000216537
(“Bidcorp” or “the company”)


TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, Bidcorp is required to
publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that
the financial results for the 6 months ended December 31 2019, will differ by at least 20% from
those of the previous corresponding 6 months ended December 31 2018.

Shareholders are advised that:

As a result of the capital write-offs incurred in the discontinued operations in the comparative
period, basic earnings per share (“EPS”) from total operations is expected to be between 20% (674,5
cents per share) and 22% ( 685,8 cents per share) higher than the comparative period (2019: 562,1
cents per share) and headline earnings per share (“HEPS”) from total operations is expected to be
between 4% (707,7 cents per share) and 6% (721,3 cents per share) higher than the comparative
period (2019: 680,5 cents per share).

In respect of continuing operations, HEPS is expected to be between 3% (721,2 cents per share) and
5% (735,2 cents per share) higher than the comparative period (2019: 700,2 cents per share) and
EPS is expected to be between 3% (719,7 cents per share) and 5% ( 733,6 cents per share) higher
than the comparative period (2019: 698,7 cents per share), reflecting the challenging trading
environment in many of our operational geographies.

It is expected that Bidcorp will release its half-year results for the six months ended December 31
2019 on or about February 19 2020. The information above has not been reviewed and reported on
by the Group’s auditors.


Date:           February 17 2020
                Johannesburg

Sponsor:        The Standard Bank of South Africa Limited

Date: 17-02-2020 07:05:00
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