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. We expect EPS and HEPS from continuing operations to decrease by between 22% and 27% compared to the corresponding period last year. The decrease in EPS and HEPS from continuing operations can be attributed to the 4 week Numsa strike experienced in July which had a significant effect on foundry and aluminum sectors of Insimbi’s business. Unfortunately due to intimidation during the strike, the other sectors of Insimbi’s business which did not fall under Numsa e.g. cement, paper and pulp, textiles were also affected as this made logistics impossible. However; it should be noted that all operations have performed well during the year with the exception of this 4 week strike in July. Insimbi expects to release its interim results by no later 30 November 2014. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 12 September 2014 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 12/09/2014 01:00:00 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.