eMEDIA HOLDINGS LIMITED - Trading Statement

Trading Statement

eMEDIA HOLDINGS LIMITED
(Incorporated in Republic of South Africa)
Registration number: 1968/011249/06
JSE share code: EMH        IZIN: ZAE000208898
JSE share code: EMN        IZIN: ZAE000209524
(“eMedia Holdings” or “the Group”)

TRADING STATEMENT

In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will be more than 20% different than
that of the previous corresponding period.

For the year ended 31 March 2019, shareholders are advised:

   -   Earnings per share is expected to range between 9 and 12 cents per share (2018:
       355.20 cents loss per share).
   -   Earnings per share from continuing operations is expected to range between 15 and
       17 cents per share (2018: 351.03 cents loss per share).
   -   Loss per share from discontinuing operations is expected to range between 4 and
       6 cents per share (2018: 4.17 cents loss per share).
   -   Headline earnings per share is expected to range between 13.50 and 14 cents per
       share (2018: 2.81 cents loss per share).
   -   Headline earnings from continuing operations is expected to range between 15 and
       17 cents per share (2018: 1.97 cents earnings per share).
   -   Headline loss from discontinuing operations is expected to range between 2 and 3
       cents per share (2018: 4.78 cents loss per share).

The losses per share in the prior year can be significantly attributed to the impairment
of goodwill recognised upon the acquisition of eMedia Investments Proprietary Limited
in the year ended 31 March 2014.

The financial information on which this trading statement is based has not been reviewed
or reported upon by the Group’s auditors.

The Group’s results for the year ended 31 March 2019 are scheduled to be published on
or about 23 May 2019.

Johannesburg
15 May 2019

Sponsor
Investec Bank Limited

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