SABVEST LIMITED - Trading statement

Trading statement

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N Ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest”)

Trading statement

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

Shareholders are advised that the unaudited results of Sabvest for the six months ended 30 June 2019 are
expected to be within the following estimates:

                                             Expected        Expected        Reported         Audited
                                % increase/(decrease)
                                          6 Months to     6 Months to     6 Months to    12 Months to
                                           30/06/2019      30/06/2019      30/06/2018      31/12/2018
                                          compared to           cents           cents           cents
                                           30/06/2018


Net asset value per share                  6,2 to 9,9    5800 to 6000           5458             5852
Dividends per share                              12,5              36             32               68
Headline earnings per share          (67,4) to (60,3)      115 to 140          352,9            530,9
Earnings per share                   (67,4) to (60,3)      115 to 140          353,3            531,3

The estimate financial information contained in this trading statement has not been reviewed and
reported on by Sabvest's external auditors. Sabvest's unaudited interim financial results for the six months
ended 30 June 2019 are expected to be released on the Stock Exchange News Service on or about
13 August 2019.

Sandton
7 August 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07/08/2019 12:32:00
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