HEADLINE EPS FOR YEAR ENDED 31 AUGUST 2012 B & W INSTRUMENTATION AND ELECTRICAL LIMITED Incorporated in the Republic of South Africa (Registration number 2001/008548/06) Share code: BWI ISIN: ZAE000098687 (“B&W”) HEADLINE EPS FOR YEAR ENDED 31 AUGUST 2012 In compliance with paragraph 8.63(b) of the Listings Requirements of JSE Limited relating to year-end results, in respect of each current financial year and the immediately preceding financial year, a headline earnings per share and a diluted headline earnings per share figure must be disclosed, together with an itemised reconciliation between headline earnings and the earnings used in the calculation of earnings per share. Therefore, supplementary to the year-end results released this morning at 07:40 (19 November 2012), please find below the requirements in terms of paragraph 8.63(b). Reconciliation of headline earnings: Audited as As at 31 As at 31 at 31 August August August restated restated 2012 2011 2010 R’000 R’000 R’000 Profit/(Loss) attributable to ordinary shareholders 2 882 (15 997) 57 308 (Loss)/Profit on disposal of property, plant & equipment (net of tax) (109) 170 (14) 2 773 (15 827) 57 294 Headline earnings per share Basic and diluted (cents) 1.4 (7.7) 28.5 Johannesburg 19 November 2012 Designated Adviser Merchantec Capital Date: 19/11/2012 05:32:00 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.