METTLE INVESTMENTS LIMITED - Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2019

Unaudited Condensed Consolidated Interim Results for the six months ended 31 August 2019

METTLE INVESTMENTS LIMITED
(Registration Number: 2008/002061/06)
Incorporated in the Republic of South Africa
JSE share code: MLE ISIN: ZAE000257622
(“Mettle” or “the Company”)

UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019

The board of directors of Mettle (the “Board”) are pleased to present the unaudited condensed consolidated
interim results of the Company and its subsidiaries (“the Group”) for the six months ended 31 August 2019 (the
“Interim Results”).

The highlights of the Interim Results, as compared to the last comparative period ended 31 August 2018, are
set out below:

   •    Revenue increased by 68% from R84.1 million to R141.5 million due to Reward Investments (No. 2)
        Limited being consolidated for the full six month period compared to only three and a half months in the
        comparative period;
   •    Basic earnings per share increased by 65% from 5.08 cents per share to 8.38 cents per share;
   •    Headline earnings per share increased by 124% from 4.65 cents per share to 10.41 cents per share;
        and
   •    Net asset value per share increased by 5% to 208 cents.

No dividend has been declared or paid during the period.

Short form announcement

This short form announcement is the responsibility of the Board and is only a summary of the complete
unaudited condensed consolidated interim results for the six months ended 31 August 2019 (“Full
Announcement”) which may be downloaded from:

https://senspdf.jse.co.za/documents/2019/JSE/ISSE/MLEE/AugInt19.pdf; or
https://mettleinvestments.com/investor-information/sens-announcements.

Any investment decisions by investors and/or shareholders should be based on consideration of the Full
Announcement at the links set out above.

The Full Announcement may also be viewed, at no cost, at the registered office of the Company and the
Johannesburg office of its Designated Advisor, during ordinary business hours, for a period of 30 calendar days
following the date of this announcement.

Registered office:
1st Floor, FedGroup Place, Willie van Schoor Avenue, Bellville, Western Cape

Cape Town
29 November 2019

Designated Advisor
Questco Corporate Advisory (Pty) Ltd
First Floor, Yellowwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston

Date: 29-11-2019 09:00:00
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