Revised Trading Statement for the Year Ended 28 February 2013 Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi”) REVISED TRADING STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2013 Shareholders are referred to the trading statement released on SENS dated 30 April 2013. Shareholders are advised that the headline earnings per share ("HEPS") for the year ended 28 February 2013 expected to be 3,15 cents per share which is 47% lower than the previous year and earnings per share ("EPS") is expected to be 3,13 cents per share which is 48% lower than the previous year. Headline earnings per share (“HEPS”) were previously reported including the impact of the revaluation of land and buildings. In terms of circular 3/2009 issued by The South African Institute of Chartered Accountants, the interpretation of IAS 16 Property Plant and Equipment states that gains on revaluation of Property Plant and Equipment will not be included in HEPS. The group is in the final stages of finalising its audited results for the year ended 28 February 2013 which are expected to be published on SENS on or before 31 May 2013. Shareholders are further advised that the above information is unaudited. Johannesburg 17 May 2013 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 17/05/2013 02:00:00 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.