TRENCOR LIMITED - Summarised Consolidated Financial Statements for the year ended 31 December 2020

Summarised Consolidated Financial Statements for the year ended 31 December 2020

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

SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 DECEMBER 2020

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/2020-reports/ and
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/TRE/YEres20.pdf

The Company’s independent auditors have issued an unmodified audit opinion. The annual
financial statements including the audit opinion and the basis for its unmodified opinion, is
available on the company’s website on https://www.trencor.net/financial-reports/2020-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

                                                                               2020       2019
 Operating loss before net finance expenses*                            Rm      (43)     (211)
 Loss before tax*                                                       Rm      (20)     (274)
 Basic loss*                                                            Rm      (38)     (456)
 Headline loss                                                          Rm      (38)      (24)
 Basic loss per share                                                  Cents    (22)     (263)
 Headline loss per share                                               Cents    (22)      (14)
 Assets in specie dividend per share                                   Cents     249     2 073
 Cash dividends per share                                              Cents     160       185
 Consolidated net asset value per share                                Cents     658     1 225
*Amounts include discontinued operation.

DIVIDEND

The board has not declared a final cash dividend in respect of 2020.

On behalf of the board
Hennie van der Merwe
Chief Executive Officer

31 March 2021

Directors: David Nurek (Chairman), Eddy Oblowitz, Ric Sieni* (Financial), Roddy Sparks,
Hennie van der Merwe* (CEO) (* Executive)

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: 31-03-2021 02:00:00
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