Trading Statement Insimbi Refractory and Alloy Supplies Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi” or “the Company”) TRADING STATEMENT In terms of section 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on will differ by at least 20% or more from the financial results for the previous corresponding period. EPS and HEPS for the financial year ended 28 February 2013 were 3,13 and 3,15 cps respectively. We expect EPS and HEPS from continuing operations for the financial year ended 28 February 2014 to be between 7.5 and 9.0 cps. The improvement in EPS and HEPS from continuing operations can be attributed to: - Good trading conditions in the second half of the year compared to the strike ridden second half of 2012. - Exports into Africa. - Exchange rates impacting positively on selling prices. - Restructuring of the business and well controlled overhead. Insimbi expects to release its full year end results on or before 31 May 2014. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 24 March 2014 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 24/03/2014 10:00:00 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.