TRENCOR LIMITED - Summarised Consolidated Financial Statements for the year ended 31 December 2022

Summarised Consolidated Financial Statements for the year ended 31 December 2022

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“the Company”)

SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2022

This short form announcement is the responsibility of the directors and represents a summary
of the information contained in the full announcement, which is available on the Company’s
website https://www.trencor.net/financial-reports/2022-reports/ and
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/TRE/YEres22.pdf

The Company’s independent auditor has issued an unmodified audit opinion which contains no
key audit matters. The annual financial statements, audit opinion and the basis for its
unmodified opinion are available on the company’s website on
https://www.trencor.net/financial-reports/2022-reports/

Any investment decisions by shareholders and other investors should be based on consideration
of the full announcement. The full announcement is also available from the registered office of
the Company and at the offices of the sponsor, at no charge, during normal business hours.

FINANCIAL SUMMARY

                                                                               2022       2021
 Operating loss before net finance expenses                         Rm         (21)        (3)
 Profit before tax                                                  Rm           3          4
 Headline earnings                                                  Rm           3          6
 Headline earnings per share                                       Cents       1,7        3,4
 Consolidated net asset value per share                            Cents       740        697

DIVIDEND

No dividends were declared in respect of 2022.

On behalf of the board
Ric Sieni
Chief Executive Officer and Financial Director

24 March 2023

Directors:
Independent non-executive: David Nurek (Chairman), Eddy Oblowitz, Roddy Sparks
Executive: Ric Sieni (Chief Executive Officer and Financial Director)
Secretaries: Trencor Services Proprietary Limited
Registered Office: 13th Floor, The Towers South, Heerengracht, Cape Town 8001
Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank
Towers, 15 Biermann Avenue, Rosebank 2196 (Private Bag X9000, Saxonwold 2132)
Sponsor: Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton 2196

Date: 24-03-2023 02:15:00
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