BELL EQUIPMENT LIMITED - Updated Trading Statement for the six months ended 30 June 2023

Updated Trading Statement for the six months ended 30 June 2023

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023

Further to the trading statement released on 12 July 2023,
shareholders are advised that the Company expects to report
earnings and headline earnings of between 338 cents and 348
cents per share (between 128 cents or 61% and 139 cents or 67%
higher) for the six months ended 30 June 2023 compared with the
earnings and headline earnings per share of 209 cents and 210
cents respectively for the six months ended 30 June 2022.

The expected increase in earnings is mainly due to stronger
market conditions in 2023.

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

The results for the six months ended 30 June 2023 are expected to
be announced on SENS on or about 11 September 2023.

Richards Bay
7 September 2023

Sponsor: INVESTEC BANK LIMITED

Date: 07-09-2023 03:10:00
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