HULAMIN LIMITED - Trading statement for the six months ended 30 June 2021

Trading statement for the six months ended 30 June 2021

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin” the “Group” or the “Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2021

In terms of paragraph 3.4(b) of the JSE Listings Requirements, the board of directors of Hulamin
advises that there is a reasonable degree of certainty that the financial results for the six months ended
30 June 2021, when compared with the published financial results for the six months ended 30 June
2020, will differ as follows:

                                 31 June 2021      Change from 2020 actual to           31 June 2020
                                     Expected             2021 expected range                 Actual
 Earnings per share            Between 28 and        Improved by between 137%         (75) cents per
                                 30 cents per            (103 cents per share                  share
                                        share         increase) and 140% (105
                                                    cents per share increase)
 
 Headline                      Between 14 and        Improved by between 120%         (70) cents per
 earnings per                    16 cents per     (84 cents per share higher)                  share
 share                                  share    and 123% (86 cents per share
                                                                      higher)
 
 Normalised headline          Between (8) and         Improved by between 89%         (76) cents per
 loss per share1               (10) cents per             (68 cents per share                  share
                                        share         improvement and 87% (66
                                                 cents per share improvement)

¹  Normalised headline earnings per share is calculated in a consistent manner as per the latest annual
   financial statements, by dividing normalised headline earnings by the weighted average number
   of ordinary shares in issue during the year.

   Normalised headline earnings is defined as headline earnings excluding (i) metal price lag (“MPL”)
   and (ii) material non-trading expense or income items which, due to their irregular occurrence, are
   adjusted for in order to better present earnings attributable to the ongoing activities of the Group.
   The presentation of normalised headline earnings is not an IFRS requirement and may not be
   directly comparable with the same or similar measures disclosed by other companies.

The results for the six months ended 30 June 2021 are scheduled to be released on Tuesday, 31 August
2021 at 07h15 with a management presentation to stakeholders to follow at 10h00.
The financial information contained in this trading statement is the responsibility of the directors and
has not been reviewed nor reported on by the Company´s external auditors.


Pietermaritzburg
26 August 2021

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 26-08-2021 02:50:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.