MARSHALL MONTEAGLE PLC - Trading statement for year ended 31 March 2023

Trading statement for year ended 31 March 2023

 Marshall Monteagle PLC
 (Incorporated in Jersey)
 (Registration number: 102785)
 (External registration number:
 2010/024031/10)
 JSE Code: MMP ISIN: JE00B5N88T08
 (“the Company”)




TRADING STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on next will differ by at least 20% from those of the previous corresponding period.

Shareholders are reminded that following the change of its financial year end from September to March
during 2021, the Company is reporting on the 12-month financial year ended 31 March 2023 (the
“Reporting Period”). Shareholders are advised that the Company expects the following results for the
Reporting Period compared to the 18 months ended 31 March 2022 (the “Previous Comparable
Period”):

    •   Headline loss per share of US$2.3 cents for the 12 month period, in comparison to headline
        earnings per share of US$7.9 cents reported for the 18 month Previous Comparable Period;
        and

    •   Earnings per share of US$0.6 cents for the 12 month period, corresponding to a decrease of
        95% in comparison to earnings per share of US$12.8 cents reported for the 18 month Previous
        Comparable Period.


The reasons for the expected decreases are as a result of the decline in the value of the South African
Rand, inflationary pressures and losses in some South African trading subsidiaries.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company’s auditors.

The Company’s provisional reviewed results for the year ended 31 March 2023 are expected to be
published on or about 21 June 2023.


14 June 2023
London

JSE Sponsor to the Company
Questco Corporate Advisory Proprietary Limited

Date: 14-06-2023 09:00:00
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