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SOUTHERN VIEW FINANCE LIMITED– ABRIDGED UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTH PERIOD ENDED 30 SEPTEMBER 2015

31 December 2015

Hamilton, Bermuda – 31 December, 2015 – In a filing with the Bermuda Stock Exchange (“BSX”), Southern View Finance Ltd. (the “Company” or “SVF”; Ticker: SVF.BH) today announced the financial results for the three months ended 30 September 2015. The filing stated:

The Company is incorporated in Bermuda and its main purpose is the holding of investments. The Company maintains a primary listing on the Bermuda Stock Exchange (“BSX”) and a secondary listing on the Alternative Exchange (“AltX”) of JSE Limited (“JSE”). The listing of the Company’s Class A shares on the AltX, in so far as it relates to their trading, has been suspended with effect from Monday, 9 November 2015.

BUSINESS REVIEW

The effective date of the disposal of all shares in the Company’s subsidiaries and loan claims was 1 July 2015. Therefore, no consolidated accounts were presented from 1 July 2015. The Company recorded a net profit after tax for the three months ended 30 September 2015 (“2015 Three Month Period”) of R3,481,300,271 (2014: Group: R46,482,948).

DIVIDENDS

No dividend has been declared in respect of the 2015 Three Month Period.

BASIS OF PREPARATION

The abridged unaudited consolidated results for the 2015 Three Month Period have been prepared in accordance with International Financial Reporting Standards including International Accounting Standard 34 – Interim Financial Reporting, the Bermuda Companies Act, 1981 (the “Act”), the BSX Listing Regulations and the JSE Listings Requirements.

ACCOUNTING POLICIES

The financial results set out below have neither been audited nor reviewed by the Company’s external auditors. The accounting policies adopted are consistent with those published in the audited Consolidated Financial Statements for the year ended 30 June 2015.

By order of the Board

31 December 2015

Summary information of the financial results of the Group for the 2015 Three Month Period, are as set out below:

ABRIGED UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2015

Unaudited	Company as at 30 September 2015	Group as at 30 September 2014
	R	R
ASSETS

Cash and cash equivalents	103,231,481	641,383,527
Loans and advances to clients	-	1,357,610,694
Property, plant and equipment	-	156,284,466
Intangible assets	-	35,156,513
Other financial assets	4,674,929,270	75,773,797
Total assets	4,778,160,751	2,266,208,997

LIABILITIES

Loans at amortised costs	-	1,332,189,192
Trade and other payables	1,936,840	149,337,047
Current income tax liabilities	-	18,815,523
Total liabilities	1,936,840	1,500,341,762

EQUITY

Shareholders’ equity	4,776,223,911	765,867,235
Total equity	4,776,223,911	765,867,235
Total liabilities and equity	4,778,160,751	2,266,208,997

ABRIDGED UNAUDITED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2015

Unaudited	Company for the three month period ended 30 September 2015	Group for the three month period ended 30 September 2014
	R	R
Net interest income	-	233,778,643
Loan fee income	-	167,789,467
Direct distribution expenses	-	(59,113,735)
Net portfolio income	-	342,454,376

Other income	3,486,518,416	6,743,023
Operating costs	(5,218,145)	(87,588,208)
Net bad debt written off	-	(158,035,424)
Bad debt provision	-	(9,943,697)
Funding costs	-	(34,850,317)
Other income / (expenses)	3,481,300,271	(283,674,622)

Operating profit before taxation	3,481,300,271	58,779,754
Income tax expense	-	(12,296,806)
Profit for the three month period	3,481,300,271	46,482,948

Earnings per share (cents)
Basic	2,721	67
Diluted	2,721	67

ABRIDGED UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2015

Company: Unaudited	Share capital	Share premium	Retained earnings
	R	R	R

Balance at 1 July 2014 (audited)	69,850	678,595,120	41,466,947
Total comprehensive profit for the three month period	-	-	46,482,948
Balance at 30 September 2014 (unaudited)	69,850	678,595,120	87,949,895
Balance at 1 October 2014 (unaudited)	69,850	678,595,120	87,949,895
Total comprehensive profit for the period	-	-	321,484, 741
Other comprehensive income	-	-	-
Increase in non-controlling interest – Spotco Holdings Pty Ltd	-	-	(987,252)
Dividends paid to shareholders	-	-	(20,965,011)
Shares issued	62,912	649,937,063	-

Balance at 30 June 2015	132,762	1,328,532,183	387,482,373

Disposal of subsidiaries	-	-	(421,112,635)
Total comprehensive profit for the three month period	-	-	3,481,300,271
Balance at 30 September 2015 (unaudited)	132,762	1,328,532,183	3,447,670,009

(Continued)

Company: Unaudited	Reserves	Non-controlling	Total equity
	R	R	R

Balance at 1 July 2014 (audited)	(747,630)	-	719,384,287
Total comprehensive profit for the three month period	-	-	46,482,948
Balance at 30 September 2014 (unaudited)	(747,630)	-	765,867,235
Balance at 1 October 2014 (unaudited)	(747,630)	-	765,867,235
Total comprehensive profit for the period	-	512,482	321,997,223
Other comprehensive income	223,942	25,067	249,009
Increase in non-controlling interest – Spotco Holdings Pty Ltd	-	1,000,049	12,797
Dividends paid to shareholders	-	-	(20,965,011)
Shares issued	-	-	649,999,975

Balance at 30 June 2015	(523,688)	1,537,598	1,717,161,228

Disposal of subsidiaries	412,645	(1,537,598)	(422,237,588)
Total comprehensive profit for the three month period	-	-	3,481,300,271
Balance at 30 September 2015 (unaudited)	(111,043)	-	4,776,223,911

ABRIDGED UNAUDITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE THREE MONTH PERIOD ENDED 30 SEPTEMBER 2015

Unaudited	Company as at 30 September 2015	Group as at 30 September 2014
	R	R
Profit before taxation	3,481,300,271	58,779,754
Adjustments for:
Depreciation and amortisation	-	6,625,816
Tax paid	-	(12,296,806)
Changes in working capital:
Loans and other receivables	530,127	29,202,229
Trade and other payables	(1,461,359)	(10,225,882)
Net cash generated in operating activities	3,480,369,039	72,085,111
Net cash utilised in investing activities	(3,472,570,490)	(18,363,115)
Net cash generated from financing activities	-	24,392,590
Net cash at the beginning of the period	95,432,932	563,268,941
Net cash at the end of the period	103,231,481	641,383,527

CHANGE OF NAME

Shareholders are reminded that the Company on 15 December 2015, announced the implementation of a change of the name of the Company from Southern View Finance Ltd to VestIN Holdings Ltd (“Change of Name”).

The Company will trade on the BSX under the ticker “VIN.BH” and the short name “VestIN”, on the AltX under the ticker “VIN” and the short name “VestIN”, and the International Securities Identification Number of the Company will change from “BMG829251013” to “BMG934031060” once the Change of Name becomes effective on 4 January 2016, on each of the BSX and AltX.

31 December 2015

Hamilton/Johannesburg

BSX sponsor: Global Custody and Clearing Limited

JSE sponsor: Bravura Capital Proprietary Limited

SOUTHERN VIEW FINANCE LIMITED

(Incorporated in Bermuda with registration number 47305)

Class A share codes: BSX: SVF.BH JSE: SVF ISIN: BMG829251013

Class B share codes: BSX: SVFB.BH JSE: SVFB ISIN: BMG829251195

("SVF" or "the Company")