MAHUBE INFRASTRUCTURE LIMITED - Year end tranding statement

Year end tranding statement

Mahube Infrastructure Limited
(Formerly GAIA Infrastructure Capital Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2015/115237/06)
ISIN: ZAE000290763
JSE code: MHB
(“Mahube” or the “Company”)



TRADING STATEMENT

In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, Mahube's shareholders
are hereby advised that the Company and its directors have reasonable certainty that for the period
ended 28 February 2021:

• the tangible net asset value ("TNAV") per share of the Company is expected to be between R10.52
and R10.73, representing a decrease of between 2.1% and 0.1% compared to the TNAV per share of
R10.74 reported for the period ended 29 February 2020. The expected decrease in the TNAV over
the reporting period is as a result of a decrease in the fair value of the investments held by the
Company;

and
• earnings and headline earnings per share for the period ended 28 February 2021 are expected to
be between 18.13 cents and 25.30 cents per share, being a decrease of between 74.7% and 64.7%,
compared to earnings and headline earnings per share of 71.64 cents per share reported for the
period ended 29 February 2020. The expected decrease in earnings is as a result of the net loss from
financial assets measured at fair value and the once off fee paid in relation to the termination of the
management services agreement as per the SENS announcement dated 16 April 2020.


The estimate financial information on which this trading statement is based has not been reviewed
and reported on by Mahube's external auditors. The financial results for the period ended 28 February
2021 are expected to be published on SENS by no later than 31 May 2021.




Johannesburg

27 May 2021

Sponsor

Sasfin Capital (a member of the Sasfin Group)

Date: 27-05-2021 03:00:00
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