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Thu 3 Nov 2011, 16:18 CND - Conduit Capital Limited - Trading Update
CND
CND                                                                             
CND - Conduit Capital Limited - Trading Update                                  
CONDUIT CAPITAL LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: CND     ISIN: ZAE000073128                                          
("Conduit" or "the group")                                                      
TRADING UPDATE                                                                  
In terms of the Listings Requirements of JSE Limited, companies are required to 
publish a trading statement as soon as they become reasonably certain that the  
financial results for the period to be reported on will differ by more than     
twenty percent from that of the previous corresponding period. Accordingly, a   
review by management of the financial results for the year ended 31 August 2011 
has indicated that net profit before tax, attributable earnings, headline       
earnings, earnings per share ("EPS"), headline earnings per share ("HEPS"), net 
asset value per share ("NAV") and tangible net asset value per share ("TNAV")   
are expected to be as follows:                                                  
                           Unaudited     Audited     Change      Percentage     
                           year          year                    increase       
                           to            to                                     
31 Aug 2011   31 Aug 2010                            
Net profit before tax       53 308        29 595      23 713      80.1%         
(R`000)                                                                         
Attributable earnings       22 419        11 389      11 030      96.8%         
(R`000)                                                                         
Headline earnings (R`000)   21 574        11 392      10 182      89.4%         
EPS (cents)                 8.96          4.55        4.41        96.9%         
HEPS (cents)                8.62          4.55        4.07        89.5%         
NAV (cents)                 106.00        97.15       8.85        9.1%          
TNAV (cents)                87.58         78.66       8.92        11.3%         
                                                                                
Number of shares in issue,  250 277       250 277                               
net of treasury shares                                                          
(`000)                                                                          
Weighted number of shares   250 277       250 277                               
(`000)                                                                          
Note: The financial information on which this trading update is based has not   
    been reviewed or reported on by the group`s auditors.                       
Conduit`s results for the year ended 31 August 2011, incorporating further      
commentary on all operating units, are expected to be released mid-November     
2011.                                                                           
Johannesburg                                                                    
3 November 2011                                                                 
Sponsor                                                                         
Merchantec Capital                                                              
Date: 03/11/2011 16:18:03 Produced by the JSE SENS Department.                  
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