INDEQUITY GROUP LIMITED - Trading Statement for the Six Months Ended 31 March 2019

Trading Statement for the Six Months Ended 31 March 2019

INDEQUITY GROUP LIMITED
Incorporated in the Republic of South Africa
Registration number 1999/010069/06
Share code: IDQ ISIN: ZAE000016606
(“Indequity” or “the Group”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 MARCH 2019

Indequity is currently finalising its results for the six months ended 31 March 2019.

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

Accordingly, Indequity shareholders are advised that:

-   the Group's basic earnings per share (“EPS”) is expected to be between 38.77 and 41.64 cents per
    share, which is between 35% and 45% higher than the previous corresponding period’s EPS of
    28.72 cents per share; and

-   the Group’s headline earnings per share (“HEPS”) is expected to be between 38.77 and 41.64 cents
    per share, which is between 26.1% and 35.4% higher than the previous corresponding period’s
    HEPS of 30.76 cents per share.

The increase in EPS and HEPS is largely due to an improvement in investment income as well as a
reduction in the weighted average number of shares in issue due to share repurchases after the
previous corresponding period.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Group’s auditors.

Indequity’s interim financial results are expected to be released on SENS on or about 23 April 2019.

Johannesburg
9 April 2019

Sponsor
Merchantec Capital

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