The comparative consolidated statement of 
comprehensive income and segmental analysis have been re-presented to reflect the Broking and Structuring business as a discontinued operation.

The results of the discontinued operation included in the Group's results for the period ended 30 September 2018, are detailed below:

Condensed income statement from discontinued operation
                                                                             Results for the six   Results for the six  Results for the year
                                                                                 months ended 30       months ended 30        ended 31 March
                                                                                  September 2018        September 2017                  2018
                                                                                           R'000                 R'000                 R'000

Total revenue                                                                            346 482               329 857               741 196
Operating expenses                                                                     (290 076)             (271 903)             (647 857)
Profit from operations                                                                    56 406                57 954                93 339
Net interest received                                                                     78 013                31 778                89 634
Share of profits from equity accounted investees                                          13 453                10 511                33 699
Profit before taxation                                                                   147 872               100 243               216 672
Taxation                                                                                (35 450)              (25 149)              (50 359)

Profit for the period from discontinued operation                                        112 422                75 094               166 313

Discontinued operations profit for the period attributable to:
Equity holders of the company                                                             76 698                49 882               115 645
Non-controlling interests                                                                 35 724                25 212                50 668

                                                                                         112 422                75 094               166 313

Discontinued operations profit for the period attributable to equity holders              76 698                49 882               115 645
Adjustment relating to earnings attributable to participating treasury shares            (1 589)                 (791)               (2 085)
Discontinued operations profit attributable to ordinary shareholders                      75 109                49 091               113 560
  
Headline earnings from discontinued operation                                             75 109                49 091               113 560
 
Basic earnings per ordinary share (cents)                                                   35.6                  23.3                  53.7
Headline earnings per ordinary share (cents)                                                35.6                  23.3                  53.7

The effect of the discontinued operation on the statement of financial position of the Group is detailed below:
The assets and liabilities reflected below have been recognised at 30 September 2018 at the lower of their carrying value and fair value less 
costs to sell.
                                                                                                                          As at 30 September
                                                                                                                                        2018
                                                                                                                                       R'000
                                                               
Assets held for resale                                                                                                            17 841 122
Property, plant and equipment                                                                                                         13 073
Intangible assets                                                                                                                     25 460
Investment in equity accounted investees                                                                                             109 808
Deferred taxation                                                                                                                     21 994
Loans and receivables                                                                                                                 11 818
Trade and other receivables                                                                                                           83 064
Amounts receivable in respect of stockbroking activities                                                                          15 997 940
Cash and cash equivalents                                                                                                          1 577 965
                                                                
Liabilities held for resale                                                                                                       16 550 424
Loans and other payables                                                                                                              17 329
Financial instrument liabilities                                                                                                      16 120
Trade and other payables                                                                                                             222 768
Amounts payable in respect of stockbroking activities                                                                             16 287 892
Taxation                                                                                                                               6 315
                                                                
Surplus net assets                                                                                                                 1 290 698
Non-controlling interest                                                                                                           (343 789)
                                                                
Attributable surplus net assets                                                                                                      946 909
                                                               
The effect of the discontinued operation on the statement of cash flows of the Group is detailed below:

                                                                                                     For the six months   For the six months
                                                                                                     ended 30 September   ended 30 September
                                                                                                                   2018                 2017
                                                                                                                  R'000                R'000

Cash flow from discontinued operation
Net operating cash flows from discontinued operation                                                          (481 491)            (298 793)
Net investing cash flows from discontinued operation                                                            (4 830)              (4 891)
Net financing cash flows from discontinued operation                                                             27 321            (414 196)

Net decrease in cash and cash equivalents from the discontinued operation                                     (459 000)            (717 880)

Events subsequent to reporting date

Other then the disposal of Peregrine Securities and Peregrine Securities International referred to above, the directors are not aware of any
other matters or circumstances arising since the end of the reporting period which significantly affect the financial position of the Group 
or the results of its operations.

Supplementary information
Applicable exchange rates
                                                                                                      Average rates           Closing rates
USD:ZAR                                                                  
30 September 2018                                                                                             13.36                   14.15
31 March 2018                                                                                                 13.00                   11.85
30 September 2017                                                                                             13.19                   13.50
                                                                                                                                              
GBP:ZAR                                                                        
30 September 2018                                                                                             17.76                   18.45
31 March 2018                                                                                                 17.22                   16.62
30 September 2017                                                                                             17.07                   18.12

This announcement does not include the information required pursuant to paragraph 16A(j) of IAS 34. The full interim report is available on 
Peregrine's website, at Peregrine's registered offices and upon request.

Date of release of this announcement on SENS: 21 November 2018

Date: 21/11/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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