BEL - Bell Equipment Limited - Trading Statement BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 Share Code: BEL ISIN: ZAE000028304 ("the Company" or "the group") TRADING STATEMENT The Company`s results for the year to December 2010 are expected to show an improvement of at least 20% from those reported for the year to December 2009 - due to an improvement in trading conditions and the benefits derived from the Company`s cost reduction efforts it is estimated that the group will be achieving break even (or possibly a marginal profit) by year-end as opposed to the R271 million loss for the 2009 financial year. The group is therefore required in terms of the JSE Limited ("JSE") Listings Requirements to issue a trading statement. However, in view of the volatility in exchange rates and the uncertainty as to timing of finalization, and hence delivery, of certain orders ahead of year end, the projection of results to 31 December 2010 cannot be given with any certainty. It is expected that a further trading statement for the year to December 2010 will be issued later in the reporting period, which should be in March 2011. The forecast financial information on which this trading statement is based has not been reviewed and reported on by the Company`s external auditors. Richards Bay 15 December 2010 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/12/2010 11:00:01 Supplied by www.sharenet.co.za 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.