Chibisa House

19 Glyn Jones Road

PO Box 501

Blantyre, Malawi

+265-1-831 902

csnico@nicomw.com

Trading statement for the reporting ending 31st December, 2015

In terms of the Listing Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement (within 30 days prior to the reporting period) as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.In terms of the Listing Requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement (within 30 days prior to the reporting period) as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

NICO Holdings accordingly advises that profit after tax for the year ending 31st December, 2015 is expected to differ by more than 20% from the corresponding period.

The information on which the above trading statement is based has not been reviewed or reported on by NICO Holdings Limited's external auditors.

Emily Makuta

COMPANY SECRETARY

Our Companies

NICO General
NICO Life
NICO Technologies
NICO Asset Managers
NICO Zambia
NBS Bank
NICO Pension
Eris

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