FINBOND GROUP LIMITED - Trading Update Interim Period ended 31 August 2024

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE00013895
Main Board ' General Segment
("Finbond" or "the Company" or "the Group")


TRADING UPDATE ' INTERIM PERIOD ENDED 31 AUGUST 2024


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the next period to
be reported on will differ by more than 20% from that of the previous corresponding period.


The Board of Directors is satisfied that it has the reasonable degree of certainty required to provide
the following guidance with regard to the financial results of the Group for the six-month interim
period ended 31 August 2024, under review:


    '   Earnings per share ("EPS") will decrease to between a 2.18 cents loss and a 2.45 cents loss per
        share, representing a percentage decrease of between 58% and 78% compared to the
        restated loss of 1.38 cents per share for the prior year; and


    '   Headline earnings per share ("HEPS") will decrease to between a 1.87 cents loss and a 2.12
        cents loss per share, representing a percentage decrease of between 51% and 71% compared
        to the restated loss of 1.24 cents per share for the prior year.



The decreases in EPS and HEPS are due to the significant decrease in Finbond's issued shares following
the strategic specific repurchase of shares from related parties that was finalised in December 2023,
resulting in a significantly lower amount of weighted average ordinary shares outstanding used in the
calculations for both EPS and HEPS in the current interim period under review. Conversely, as Finbond
continues its recovery to profitability, the lower amount of issued shares (due to the specific
repurchase) will lead to significant enhancements to EPS and HEPS moving forward once profitability
is achieved.


Shareholders are reminded of the benefit that the delisting of repurchased shares had i.e., 1. the
removal of these shares from the share capital of the Company at an attractive price, 2. enhanced net
asset value per share, and 3. increasing the relative holdings of the Company's existing shareholders.


Regarding performance results for the six-month period under review, Basic profit for the period
attributable to owners of the Company will either increase or decrease marginally to between a loss
of R9.52 million and R11.64 million, representing a maximum percentage increase of 13% and a
maximum percentage decrease of 6% compared to the restated loss of R10.93 million for the prior
period.


Headline profit for the period attributable to owners of the Company will also either increase or
decrease marginally to between a loss of R8.19 million and R10.01 million, representing a maximum
percentage increase of 17% and a maximum percentage decrease of 1% compared to the restated loss
of R9.87 million for the prior period.


As was required for the year ended 29 February 2024, the results for the prior six-month interim
period will be restated. Full details of the restatement were included in Finbond's audited results for
the year ended 29 February 2024, which were released on SENS on 31 May 2024.
The financial information on which this trading statement is based has not been reviewed or reported
on by Finbond's auditors. Finbond's unaudited results for the six-month interim period ended 31
August 2024 are expected to be released on SENS on or before 29 November 2024.

Pretoria
18 October 2024

Sponsor:

African Bank Limited (Business and Commercial Banking Division)

Date: 18-10-2024 05:29:00

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