HULISANI LIMITED - Trading Statement

Trading Statement

HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL
ISIN: ZAE000212072
(“Hulisani” or “the Group”)


TRADING STATEMENT


In terms of the JSE Limited Listings Requirements, a company is required to publish a trading
statement as soon as it becomes reasonably certain that the financial results for the period to
be reported will differ by 20% or more from the financial results of the previous corresponding
period.

Accordingly, the Company hereby advises that a reasonable degree of certainty exists that for
the year ended 28 February 2021:

    -   Earnings per share is expected to be between 17 cents and 29 cents, being an
        improvement of between 129% and 149% (or between 76 cents and 88 cents)
        respectively, compared to the 59 cents loss reported in the same period last year.

    -   Headline loss per share is expected to be between 0 cents and 12 cents, being an
        improvement of between 100% and 80% (or between 59 cents and 47 cents)
        respectively, compared to the 59 cents loss reported in the same period last year.

The improved performance is largely due to the non-recurrance of impairments
accounted for in the prior year, as well as fair value gains from investments in the
current year.

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

The results for the year ended 28 February 2021 are expected to be published on or about
21 May 2021.


Johannesburg

19 May 2021

Sponsor
PSG Capital

Date: 19-05-2021 12:30:00
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