Trading Statement WILSON BAYLY HOLMES - OVCON LIMITED Building and civil engineering contractors (Registration no. 1982/011014/06) ISIN No: ZAE 000009932 Share code: WBO TRADING STATEMENT The directors of WBHO hereby advise shareholders that, in respect of the unaudited consolidated interim results for the period ended 31 December 2018, earnings per share and headline earnings per share are expected to vary by the percentages and amounts included in the table below:- 31 December 31 December 31 December FY18 FY18 FY17 % range between between Total operations Earnings per share (cents) 80% to 100% 147 and 0 736,5 down Headline earnings per share (cents) 80% to 100% 145 and 0 726,8 down The operating performance of the group over the first six months of the financial year will be negatively affected upon the recognition of a material provision in respect of the anticipated loss to complete the OSAR Western Roads infrastructure project in Australia. The completion of contract anticipated loss is due to the interpretation of the technical specifications within the contract bid design resulting in the underestimation of the physical construction works required under the design and construct contract. The Group is investigating all possible recoveries. The group’s Africa and UK operations have operated well and in line with expectations. The financial results for the period to 31 December 2018 are expected to be released on SENS 26 February 2019. This statement has not been reviewed or reported on by the Company’s auditors. By order of the board Johannesburg 12 February 2019 Sponsor: Investec Bank Limited Date: 12/02/2019 04:24:00 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.
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