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. The Company is pleased to announce that despite being 25% lower in EPS (3.41 cents per share) and HEPS (3.42 cents per share) at our interim reporting period ended 31st August 2014 compared to the previous corresponding period, we now expect EPS and HEPS from continuing operations for the full year ended 28th February 2015 to be in the following ranges: - EPS: an increase of between 25% and 35% on the restated comparative period or between 10.5 cents and 11.3 cents per share (2014: 8.37 cents). - HEPS: an increase of between 30% and 40% on the restated comparative period or between 11.1 and 12 cents per share (2014: 8.55 cents) The Insimbi group experienced normalised operational conditions (post the Numsa strike in July 2014) in the second half of the financial year despite the challenging economic and electricity environment and this has resulted in a solid performance for the full financial year. Insimbi expects to release its annual financial results by no later 29th May 2015. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 11 March 2015 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 11/03/2015 09:00:00 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.