DENEB INVESTMENTS LIMITED - Reviewed Condensed Consolidated Financial Results for the Year Ended 31 March 2025 and Distribution Declaration

Reviewed Condensed Consolidated Financial Results for the Year Ended 31 March 2025 and Distribution Declaration

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
("Deneb" or the "Group")

REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR
ENDED 31 MARCH 2025 AND DISTRIBUTION DECLARATION

1.   SALIENT FEATURES

     Revenue increased by R221 million (6%) to R3 749 million, from R3 528 million in the
     prior corresponding period.

     Earnings per share ("EPS") increased by 4 cents per share (17%) to 27 cents per share,
     from 23 cents per share in the prior corresponding period. Headline earnings per share
     ("HEPS") increased by 2 cents per share (11%) to 25 cents per share, from 23 cents per
     share in the prior corresponding period.

     Net asset value per share ("NAVPS") increased by 11 cents per share (3%) to 435 cents
     per share, from 424 cents per share in the prior corresponding period.

     Profit increased by R16 million (17%) to R117 million, from R101 million in the prior
     corresponding period.

     Distribution per share increased by 1 cent per share (10%) to 11 cents, from 10 cents per
     share in the prior corresponding period.

2. DISTRIBUTION

     The directors resolved to declare a final gross distribution of 11 cents per share (2024:
     10 cents) from a reduction of contributed tax capital in respect of the year ended 31 March
     2025.

     As at the declaration date, the Company has 441 877 560 shares in issue. The Company's
     income tax reference number is 9844426156.

     Shareholders are hereby advised of the following salient dates and times are applicable:

      Declaration date                                     Thursday, 29 May 2025
      Last day to trade cum distribution                   Tuesday, 17 June 2025
      Securities commence trading ex distribution          Wednesday, 18 June 2025
      Record date for purposes of determining the          Friday, 20 June 2025
      registered holders of shares to participate in the
      distribution at close of business on
      Payment date                                         Monday, 23 June 2025

     Share certificates may not dematerialised or rematerialised between Wednesday, 18
     June 2025 and Friday, 20 June 2025, both dates inclusive.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of Deneb. It contains
     only a summary of the information included in the full announcement ("Full
     Announcement") and does not contain full or complete details. The Full Announcement
     can be found at:

     https://senspdf.jse.co.za/documents/2025/JSE/ISSE/DNBE/FY25.pdf

     A copy of the Full Announcement is also available for viewing on the Company's website
     at www.deneb.co.za.

     The financial information in this short-form announcement has been extracted from the
     reviewed condensed consolidated financial results of the Group for the year ended 31
     March 2025. The financial results have been reviewed by the Group's auditors who
     expressed an unmodified review conclusion thereon.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

Cape Town
29 May 2025

Sponsor
PSG Capital

Date: 29-05-2025 09:00:00
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