The company anticipates that it will reflect a basic loss per share of between 7.82 cents and 8.02 cents per share (basic loss of 6.43 cents per share for the 12 months ended 31 December 2013) which equates to an increase in the basic loss per share of between 22% and 25%. It is also anticipated, with a reasonable degree of certainty, that RBA will reflect a headline loss per share of between 6.89 cents and 7.09 cents (headline loss of 6.90 cents per share for the 12 months ended 31 December 2013) which equates to a decrease/increase in the headline loss per share of between 1% and 3%.

The business operated under severe liquidity constraints for most of 2014 that limited the ability of the business to achieve above break even levels of production. Established in 1997, RBA Holdings is a supplier of affordable homes in South Africa. The company’s business model encompasses the complete property development process viz. the acquisition of land, town planning, project management of services installation, marketing and the sale and construction of quality affordable homes.

The financial information on which this trading statement is based has not been reviewed by RBA’s auditors. The Company’s reviewed financial results for the year ended 31 December 2014 are expected to be released in April 2015.