Trading statement

WILSON BAYLY HOLMES – OVCON LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1982/011014/06)
Share code: WBO
ISIN: ZAE000009932
(“WBHO” or “the company”)

TRADING STATEMENT

The directors of Wilson Bayly Holmes-Ovcon Ltd hereby advise shareholders that, in respect of the consolidated interim results for the period ended 31 December 2015, earnings per share and headline earnings per share are expected to vary by the percentages and amounts in the table below in comparison to the restated figures:

table

During the period under review 3Q Mahuma Concrete (Pty) Ltd, a subsidiary of Capital Africa Steel (Pty) Ltd met the requirements for classification as a discontinued operation in terms of International Financial Reporting Standards (IFRS). Earnings per share and headline earnings per share in respect of the comparative period 31 December 2014 have been restated accordingly.

The financial results for the period to 31 December 2015 are expected to be released on SENS 23 February 2016. This statement has not been reviewed or reported on by the company’s auditors.

By order of the board

Johannesburg

12 February 2016

Sponsor: Investec Bank Limited