INSIMBI REFRACTORY & ALLOY SUP LIMITED - Updated Trading Statement

Updated 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”)

UPDATED TRADING STATEMENT

The Listings Requirements of the JSE Limited require companies to publish a trading statement as soon as
they are satisfied that a reasonable degree of certainty exists that the financial results to be reported on next
will differ by at least 20% from those of the previous corresponding period.

Shareholders are referred to the Company’s voluntary trading statement released on SENS on 19 April 2017
in which the Company advised on its anticipated results for the year ended 28 February 2017 following its
acquisition of the Amalgamated Metals Recycling group of companies. Furthermore, shareholders are
advised that the EBITDA for the period is likely to be as follows:

                      F2017            Compared to F2016      Second half F2017     Comparison with
                                             YOY                                    first half F2017

EBITDA         up between 20% and       R53.1 million          up between 65%        R24.5 million
               25%                                             and 70%

The EBITDA has been impacted by –

    -   The classification of foreign exchange gains and losses being excluded from EBITDA in the
        Company’s management accounts whilst being included in the EBITDA for the Company’s annual
        financial statements in terms of IFRS classification.

The basic and headline earnings per share including all other information previously announced remains the
same.

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 before 31 May 2017.

By order of the Board.

Johannesburg
19 May 2017
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 19/05/2017 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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