Trading Statement eMEDIA HOLDINGS LIMITED (Incorporated in Republic of South Africa) Registration number: 1968/011249/06 JSE share code: EMH IZIN: ZAE000208898 JSE share code: EMN IZIN: ZAE000209524 (“eMedia Holdings” or “the Group”) TRADING STATEMENT The directors of eMedia Holdings Limited hereby advise shareholders that, in respect of the consolidated financial results for the six months ended 30 September 2018, earnings per share and headline earnings per share are expected to vary by the percentages and amounts included in the table below:-: 30 September 2018 30 September 2018 30 September 30 % range between Between 2017 September Restated 2017 As previously reported Continuing operations: Earnings per 6.95 and 7.15 2.41 0.30 share (cents) Headline earnings 5.20 and 5.40 2.35 0.14 per share (cents) Discontinuing operations: Loss per share 50% and 53% down (4.45) and (4.55) (2.97) (0.86) (cents) Headline loss per 34% and 31% up (1.90) and (2.00) (2.90) (0.69) share (cents) Total operations: Earnings/(loss) 2.50 and 2.60 (0.56) (0.56) per share (cents) Headline 3.30 and 3.40 (0.55) (0.55) earnings/(loss) per share (cents) RESTATEMENT OF PRIOR YEAR FIGURES During the period under review, operations of Refinery Johannesburg Proprietary Limited, Moviemart Proprietary Limited and the head office operations of Silverline Three Sixty Proprietary Limited met the requirements for classification as a discontinued operation in terms of International Financial Reporting Standards (IFRS). Earnings per share and headline earnings per share in respect of the comparative period 30 September 2018 have been restated accordingly. The financial information on which this trading statement is based has not been reviewed or reported upon by the Group’s auditors. The Group’s results for the six months ended 30 September 2018 are expected to be published on or about 23 November 2018. Johannesburg 14 November 2018 Sponsor Investec Bank Limited Date: 14/11/2018 03:10:00 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.