CARGO CARRIERS LIMITED - Trading Statement

Trading Statement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("CRG" or "the Company")


TRADING STATEMENT


In accordance with paragraph 3.4(b) of the Listings Requirements of the Johannesburg Stock Exchange,
shareholders are advised that for the six-month period ended 31 August 2017:

Basic and diluted earnings per share (“EPS”) movements are expected to be as follows:
- EPS from continuing operations is expected to be between 61.41 cents per share and 62.19 cents per
  share, reflecting an increase of between 1678.66% and 1698.71% respectively, when compared to the
  loss per share from continuing operations of (3.89) cents per share for the prior period ended 31 August
  2016;
- As there were no discontinued operations for the current year, EPS from discontinued operations is
  expected to be nil cents per share, reflecting a decrease of 100%, when compared to the EPS of 129.83
  cents per share for the prior period ended 31 August 2016; and
- Therefore EPS from total operations is expected to be between 62.19 cents per share and 61.41 cents
  per share, reflecting a decrease of between 50.62% and 51.23% respectively, when compared to the EPS
  of the 125.93 cents per share reported for the prior period ended 31 August 2016.

Basic and diluted headline earnings per share (‘HEPS”) movements are expected to be as follows:
- HEPS from continuing operations is expected to be between 65.81 cents per share and 68.19 cents per
  share, reflecting an increase of between 454.42% and 474.47% respectively, when compared to the HEPS
  of 11.87 cents per share for the prior period ended 31 August 2016;
- HEPS from discontinued operations is expected to be nil cents per share, reflecting a decrease of 100%,
  when compared to the HEPS of 18.16 cents per share for the prior period ended 31 August 2016; and
- Therefore HEPS from total operations is expected to be between 65.81 cents per share and 68.19 cents
  per share, reflecting an increase of between 119.15% and 127.07% respectively, when compared to the
  HEPS of 30.03 cents per share reported for the prior period ended 31 August 2016.

The financial information on which this trading statement is based has not been reviewed and reported on
by the Company’s auditors. The Company expects its results for the period ended 31 August 2017 to be
released on SENS on or about 24 October 2017.

Johannesburg
23 October 2017

Sponsor
Arbor Capital Sponsors Proprietary Limited

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