Trading statement BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“Bell Equipment” or “the Company”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to provide guidance to the market when they are satisfied that a reasonable degree of certainty exists that the financial results for the forthcoming reporting period will differ by at least 20% from the results of the previous corresponding reporting period. Shareholders are advised that the Company expects earnings and headline earnings per share for the six months ended 30 June 2015 to be between 100 cents and 110 cents, an increase of between 61% and 80% higher, compared with the earnings and headline earnings per share of 62 cents and 61 cents respectively for the six months ended 30 June 2014. Trading conditions remain difficult and the increase in earnings is mainly due to right-sizing and cost reduction initiatives and foreign currency gains during the period. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. It is anticipated that Bell Equipment will release its unaudited interim results on SENS on or about 11 August 2015. Richards Bay 3 August 2015 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) 2857/02/2012 Date: 03/08/2015 04:01:00 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.