NAMPAK LIMITED - Trading statement for the six-month period ended 31 March 2023

Trading statement for the six-month period ended 31 March 2023

NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK       ISIN: ZAE000071676
Share Code: NPP1 ISIN: ZAE000004966
Share Code: NPKP ISIN: ZAE000004958
LEI: 3789003820EC27C76729
(“Nampak” or “the group” or “the company”)

TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 31 MARCH 2023

Nampak is in the process of finalising its unaudited interim results for the six-month period
ended 31 March 2023 (“the period” or “1H23”). In terms of the JSE Listings Requirements,
shareholders are advised that Nampak is satisfied that a reasonable degree of certainty exists
that the financial results for the period to be reported upon will differ by at least 20% from 31
March 2022 (“the prior period” or “1H22”).

The movement to a headline loss per share (“HLPS”) for the period from a headline earnings
per share (“HEPS”) in the prior period, and a loss per share (“LPS”) for the period from an
earnings per share (“EPS”) in the prior period, has been mainly impacted by the following
factors:
1. Significantly higher:
        - net impairment losses (only impacting LPS);
        - net devaluation losses arising from Angolan and Nigerian exchange rate
           movements; and
2. The impact of higher net finance costs.

The ranges for the group for the period are expected to be as follows:
- HLPS of between 53.0 cents and 58.0 cents compared to HEPS of 35.6 cents in 1H22;
   and
- LPS of between 380.0 cents and 420.0 cents compared to EPS of 34.9 cents in 1H22.

Update on the proposed capital raise from a rights offer
Negotiations to conclude credit-approved term sheets for a refinancing package for the next
five years are progressing, with a milestone conclusion date of 15th of June 2023. These
negotiations, together with the group’s progress in terms of the implementation of the
restructuring plan, will determine the size of the required rights offer, which will be announced
in due course as part of Nampak’s ongoing shareholder updates.

The information contained in this trading statement has not been reviewed or reported on by
the company's external auditors. Nampak expects to release its unaudited interim results on
or about Wednesday, 24 May 2023.

Bryanston
19 May 2023
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-05-2023 07:05:00
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