BRAINWORKS LIMITED - Trading statement for the six months ended 30 June 2019

Trading statement for the six months ended 30 June 2019

Brainworks Limited
(Incorporated in the Republic of Mauritius)
(Registration number: 115883 C1/GBL)
Share Code: BWZ ISIN: MU0548S00000
(“the Company” or “Brainworks”)

Trading statement for the six months ended 30 June 2019

In compliance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company 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 next period to be reported on will differ by at least 20% from those of the
previous corresponding period.

Shareholders are hereby advised that, for the six months ended 30 June 2019, when compared to the six
months ended 30 June 2018 (“HY2018”):

    •   earnings per share of the Company are expected to be between 3.05 and 3.66 US cents per share
        being a decrease of between 50.6% and 59% from the earnings per share of 7.41 US cents
        reported for HY2018; and

    •   headline earnings per share are expected to be between 4.12 and 4.24 US cents per share, being
        an improvement of 753% and 773% from the headline loss per share of 0.63 US cents reported for
        HY2018.

The financial information contained in this announcement has not been audited, reviewed or reported upon
by the Company’s external auditors.

Brainworks’ results for the six months ended 30 June 2018 are expected to be released on or about
30 September 2019.

Grand Baie, Mauritius
27 September 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 27/09/2019 03:29:00
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