VLE 201210050074A
Trading statement
Value Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1997/002203/06
Share code: VLE
ISIN code: ZAE000016507
(“Value” or “the company’)
VOLUNTARY TRADING UPDATE
In terms of the listings requirements of the JSE Limited, a listed company is required to
publish a trading update as soon as it becomes reasonably certain that the financial results
for the period to be reported on next will show a 20% or more difference from the previous
corresponding period. The company has elected to issue a voluntary trading update in this
regard.
Notwithstanding rate pressures and volume decline, revenue growth was achieved.
However, increased operating profits were negatively impacted by escalating operating
costs. Additionally, earnings were further reduced by increased net financed costs arising
principally from Circular 9/2006 fair value adjustments.
Consequently, shareholders are advised that basic and headline earnings per share for the
interim period ended 31 August 2012 will be up to 10% lower than that achieved in the
previous corresponding period.
The financial results, on which this trading update has been based, have not been reviewed
nor reported on by Value’s auditors. The results for the 6 months ended 31 August 2012
will be published on or about 16 October 2012.
Johannesburg
5 October 2012
Sponsor:
Investec Bank Limited
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