INSIMBI REFRACTORY & ALLOY SUP LIMITED - Voluntary Trading Statement

Voluntary 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”)

VOLUNTARY TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, the board of directors of
Insimbi (“the Board”) hereby provides shareholders with a voluntary trading statement of the Company’s
results for the year ended 29 February 2016.

The Company expects earnings per share (“EPS”) to be between 12 cents and 12.60 cents per share
compared to EPS of 10.88 cents reported for the previous corresponding period, representing an increase of
between 10% and 16% per share.

The Company expects headline earnings per share (“HEPS”) to be between 12.25 cents and 12.85 cents
per share compared to HEPS of 11.27 cents reported for the previous corresponding period, representing an
increase of between 9% and 14% per share.

The increase in EPS and HEPS was as a result of improved trading activity in the traditional sectors of
Insimbi, as well as cost efficiencies and is despite the impairment of debts owing by Evraz Highveld Steel
and Vandium Limited, as well as various non-recurring expenses relating to, amongst others, the acquisition
of Polydrum Proprietary Limited, the change in bankers and the purchase of two new properties during the
year.

The financial information on which this trading statement is based has not been reviewed by the Company’s
auditors. The Company’s financial results will be released on or about 20 May 2016.

By order of the Board.

Johannesburg
26 April 2016
Sponsor: Bridge Capital Advisors Proprietary Limited

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