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Updated trading statement for the year ended 31 December 2021

Published: 2022-02-17 13:57:00 ET

Sabvest Capital Limited (JSE:SBP) News - Updated trading statement for the year ended 31 December 2021

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
(“Sabcap” or “the Company”)

UPDATED TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

Shareholders are referred to the preliminary trading statement released on the Stock Exchange News
Service (“SENS”) on 17 January 2022 in which they were advised that a further trading statement with
expected ranges for the Company’s reporting metrics would be published by the end of February 2022, in
advance of the release of Sabcap’s final financial results.

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial
results for the period to be reported on next will differ by 20% or more from the financial results of the
previous corresponding reporting period.

Shareholders are advised that the financial results of Sabcap for the year ended 31 December 2021 are
expected to be within the following estimates:

                                                                          Expected            Audited
                                                                        year ended         year ended
                                                      Expected          31/12/2021         31/12/2020
                                                      % change               cents              cents
 
 Net asset value per share                    + 20,9 to + 27,6        9000 to 9500               7444
 Headline earnings per share                + 130,2 to + 151,1        1631 to 1772              708,5
 Earnings per share                         + 130,2 to + 151,1        1631 to 1772              708,4
 Dividends per share (proposed)                        + 200,0                  75                 25

The estimated financial information as contained in this trading statement has not been reviewed or
reported on by Sabcap’s external auditors. Sabcap’s audited financial results for the year ended 31
December 2021 are expected to be released on SENS on or about 10 March 2022.


Sandton
17 February 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17-02-2022 03:57:00
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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.