In accordance with paragraph 3.4(b)(i) of the NSX Listings Requirements, an issuer must publish a trading statement when they become aware that the financial results for the current period will be materially different from the financial results for the previous corresponding period.

The Company would like to report to shareholders that profit after tax for the year ended 31 December 2022 is expected to be materially higher, by between 15% and 20%, than what was reported for the comparative period. Therefore, earnings per share and headline earnings per share for the financial year ended 31 December 2022 are expected to be materially higher, by between 15% and 20%, than what was reported for the comparative period.

Shareholders are hereby advised that the financial data upon which this trading statement is based has not been reviewed by the Company’s external auditors.

The Company’s reviewed financial statements will be released on or about 2 March 2023.

In light of the closed period, shareholders and investors remain advised to exercise caution when dealing in the Company’s securities until formal publication of the full year results.

By order of the board

Mignon Klein
Group Company Secretary
Windhoek

21 February 2023

Sponsor
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps
c/o Grove and Chasie Street
Kleine Kuppe
P O Box 186, Windhoek, Namibia
Registration No. 95/505