Cim Group Abridged Unaudited Financial Statements - Quarter Ended 31 December 2015

Group revenue on an adjusted basis after disposal of The Brandhouse Limited (TBH) in October 2015, has increased by 19%. This growth is encouraging with improvement across all our businesses as the Group is now focused on its activities as a financial service provider in line with its strategic intent. Similarly, PAT from continuing activities and before exceptional items has grown by a healthy 22%. Group PAT, including the exceptional gain from the TBH disposal of Rs 47.0m, grew by 39% over history.

Revenue generated by the Finance segment grew by 12% to Rs 323.2m. This has helped to contain the impact of the margin compression in that sector. PAT for this cluster fell marginally by 2% to Rs 61.2m.

The Global Business segment continued to perform well with revenue up 22% to Rs 180.7m and PAT reaching Rs 53.9m for the quarter, a 69% improvement over last year. The improved performance is due to an increase in billings and to sustained US dollar strength.

Revenue from the Property businesses increased by 9% to Rs 30.3m. However, PAT for the quarter was 15% lower than last year at Rs 9.5m, the adverse variance being due to a tax credit received in December 2014 which did not recur this year.

The Investments segment posted revenue of Rs 133.6m, significantly below last year following the disposal of TBH as highlighted above. This segment now comprises of the Group Corporate Office and our investments in non-core subsidiaries and associated companies. PAT for the Investments segment was Rs 9.4m.

The Board is also pleased to announce that Ms Teresa Hilary Clarke has been appointed as independent director of Cim Financial Services Ltd. Ms Clarke is the Chairman and Chief Executive Officer of Africa.com, the largest African-related website with over one million visitors per month. Ms Clarke also sits on President Obama's Advisory Council on Doing Business in Africa.

The positive results of this first quarter of the new financial year and the healthy balance sheet of our businesses provide renewed impetus to the Group in the pursuit of its long term objective of sustained growth.

By order of the Board

Cim Administrators Ltd

Company Secretary