Trading Statement for the Financial Year Ended 28 February 2018 MASTER PLASTICS LIMITED Incorporated in the Republic of South Africa (Registration number 2016/323930/06) Share code: MAP ISIN: ZAE000242921 (“Master Plastics” or “the Group”) TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2018 In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the reporting period will differ by at least 20% from that of either the previous corresponding period or a profit forecast previously provided to the market in relation to such period. The Board of Directors of Master Plastics are pleased to advise shareholders that, due to a strong operational and financial performance across all components of the Group, for the financial year ended 28 February 2018: - both the basic earnings and headline earnings per share are expected to be between 28.5 cents and 30.0 cents, this being between 20.3% and 26.6% higher than the basic earnings and headline earnings per share of 23.7 cents forecasted for the financial year ended 28 February 2018 in the Pre-Listing Statement of the Group published on 5 May 2017. This forecast is directly comparable with the expected result. - both the basic earnings and headline earnings per share are expected to be between 28.5 cents and 30.0 cents, this being between 305.0% and 315.8% higher than the basic loss per share and headline loss per share of 13.9 cents reported for the financial period ended 28 February 2017. Shareholders are reminded that the comparative results for the period ended 28 February 2017 did not represent a full years’ trading due to the timing of the establishment of the Group prior to its unbundling from its then parent in May 2017. The information on which this trading statement is based, has not been reviewed, audited or reported on by the auditors of Master Plastics. The Group anticipates releasing its audited results for the financial year ended 28 February 2018 on SENS on or about 2 May 2018. Johannesburg 11 April 2018 Designated Adviser Merchantec Capital Date: 11/04/2018 04:22:00 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.