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ECSPONENT LIMITED - Trading statement and appointment of Company secretary

Release Date: 21/08/2020 14:02
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Trading statement and appointment of Company secretary

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Code: ECSD
Hybrid Issuer Code: ECSH
(“the Company” or “Ecsponent”)

Trading Statement for the nine-month period ended 31 March 2020 and appointment of a company secretary

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading
statement as soon as they are satisfied, with a reasonable degree of certainty, that the financial results for the
period to be reported upon next will differ by at least 20% from those of the previous corresponding reporting
period.

Security holders are referred to the announcement released on the Stock Exchange News Service dated 30 March
2020, wherein security holders are advised of the Company’s change in its financial year-end from June to March
in order to align closer to the reporting periods of its major investments (“Change in financial year-end
Announcement”). As a result, the financial period ended 31 March 2020 (“FY2020”) is a 9-month period and is
therefore not directly comparable to the comparative financial year ended 30 June 2019 (“Comparative Period”).
The board of directors of Ecsponent (the “Board”) wishes to advise security holders that it is reasonably certain
that the financial results for FY2020, when compared with the results for the Comparative Period, will differ as
follows:

    •   the loss per share ("LPS") is expected to increase to a loss per share of between 184.79 cents to 189.52
        cents, as compared to the LPS of 23.66 cents for the Comparative Period; and

    •   the headline loss per share ("HLPS") is expected to increase to a loss per share of between 185.24 cents
        to 187.77 cents, as compared to the HLPS of 12.64 cents for the Comparative Period.

The financial information upon which this trading statement is based has not been audited or reported on by the
Company's external auditors.

As per the announcement dated 18 June 2020 wherein security holders were advised of the Company’s expected
release of its financial results, it is anticipated that the Company’s financial results for FY2020 will be released
before the end of August 2020.

APPOINTMENT OF COMPANY SECRETARY

In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the Board wishes to advise that
Acorim Proprietary Limited (“Acorim”), represented by Ms Nikita Hunter, has been appointed as Ecsponent’s
company secretary with effect from 1 September 2020. Acorim is an independent company secretarial and
corporate governance advisory service provider.

For more information about this announcement or the Ecsponent group, email investor.relations@ecsponent.com
or visit www.ecsponentlimited.com/investor-relations.


21 August 2020
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 21-08-2020 02:02:00
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