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Circle of Vehicle Tracking & Fleet Management services
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Unaudited interim group results
for the six months ended 31 December 2008

Highlights

Commentary

The board is satisfied to announce a reasonable performance in most of its divisions and subsidiaries for the six months ended 31
December 2008.

The Group has managed to increase earnings per share by 12% to 26.3 cents per share despite a dramatic downturn in the world
economy and global new vehicle sales slowing down during the interim period.

Our South African businesses have performed very well, and compensates to an extent for the decline in exports. This confirms
the importance of the earlier strategies adopted in geographical, market and product diversification.

It can be seen from the performance of the United Kingdom and European subsidiaries that they were more affected by the global
financial crisis than our business in South Africa. We have however seen an improvement in European sales during the first two months of 2009.

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  Vehicle tracking survey 2008 - The Vehicle Tracking Survey 2008 was conducted among 150 fleet influencers and decision makers within the UK.    
 
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