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Tue 9 May 2017, 12:20 DENEB INVESTMENTS LIMITED - Trading Statement
DNB 201705090020A
Trading Statement

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB   ISIN: ZAE000197398
(“Deneb” or the “Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are required to publish
a trading statement as soon as they are satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon next will differ by at least
20% from the financial results for the previous corresponding period.

Deneb advises that for the year ended 31 March 2017 the Company expects its financial results
to fall within the following ranges:


                                             2017             % increase          2016

                                              Cents                               Cents

Earnings per share                           14.50 - 15.00     43.4% - 48.4%       10.11

Headline earnings per share                   9.50 – 10.00     17.7% - 23.9%       8.07

Net asset value per share                      410 – 420       18.2% - 21.0%       347

The financial information on which this trading statement is based has not been reviewed or
reported on by the Company`s auditors. Shareholders are further advised that the results for
the year ended 31 March 2017 are scheduled to be released by end of May 2017.

Cape Town
9 May 2017

Sponsor
PSG Capital

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