VLE 201310040020A
Trading Update
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’)
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.
Challenging trading conditions emanating from the subdued economic environment, pricing
pressures, the expiry of key contracts in the prior period and escalating labour rates and fuel
costs have been offset by operational and administrative cost savings initiatives. In
addition, the Group has benefitted from the current period’s decreased finance cost and a
reduced effective tax rate arising from the prior period’s inclusion of an STC expense.
Consequently, shareholders are advised that basic and headline earnings per share for the
interim period ended 31 August 2013 will be up to 20% higher 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 2013
will be published on or about 15 October 2013.
Johannesburg
4 October 2013
Sponsor:
Investec Bank Limited
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