Trading Statement SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE and A2X: SYG ISIN: ZAE000208815 (“Sygnia”) TRADING STATEMENT In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by at least 20% from those of the prior comparative period. Accordingly, Sygnia would like to advise its shareholders that earnings per share for the six months ended 31 March 2019, compared to the six months period ended 31 March 2018, are expected to increase by between 15% and 20%, to between 29.14 cents per share and 30.41 cents per share (31 March 2018: 25.34 cents per share). Headline earnings per share for the six months ended 31 March 2019 compared to the comparative period are expected to increase by between 20% and 26%, to between 30.41 cents per share and 31.93 cents per share (31 March 2018: 25.34 cents per share). The financial information on which this trading statement is based has not been reviewed and/or reported on by the Company`s auditors. Cape Town 24 May 2019 Sponsor: The Standard Bank of South Africa Limited Date: 24/05/2019 01:05:00 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.