Abridged Audited Financial Statements - Year Ended 30 September 2016

Cim Group reports a solid performance for FY16

The Group has had a satisfactory financial year with improvement at the level of both income from continuing operations and profit before non-recurring items.

The disposal of The BrandHouse Ltd (TBH) led to a drop in Group net operating income to MUR2,077.9m whilst net operating income from continuing operations grew by 15% year on year.

Group Profit After Taxation (PAT) grew by 17% to MUR663.1m. This year's results include non-recurring items totalling MUR68.3m. These related to the disposal of TBH and the acquisition of the remaining 50% of the share capital of Edith Cavell Properties Ltd. Profit from continuing operations before non-recurring items was 11% higher than last year.

The Finance cluster saw a healthy growth of 20% in net operating income to MUR1,159.6m on the back of record activity in our consumer lending division. PAT also showed an increase of 11% over last year to reach MUR294.8m.

The Global Business cluster also had a satisfactory year with net operating income up 4% to MUR798.4m and PAT growth of 9% to MUR252.9m. Efficiency gains have been achieved, with the cost to income ratio being driven down to 50% from 57% last year.

Our strategy of enhancing our property portfolio continues to bear fruit with good results being achieved in 2016. Net operating income was up 11% to MUR112.9m and PAT increased by 28% to MUR45.0m.

The Investments cluster overall results showed an increased PAT of MUR70.4m which included non-recurring gains referred to above.

Outlook

Our performance in 2016 gives us optimism that our strategy is progressing well. We are investing in our businesses and have a number of initiatives in the pipeline to drive further revenue growth in the Group.

By order of the Board

Cim Administrators Ltd

Company Secretary