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

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 to be reported on next will differ by at least 20% from those of the previous corresponding
period.

Insimbi shareholders are referred to the trading statement issued on the 15 March 2018 wherein they were
advised that the Company expected an improvement of between 55% and 65% in both earnings per share
(“EPS”) headline earnings per share (“HEPS”), for the period ended 28 February 2018.

Shareholders were advised that EPS was expected to be between 17.07 cents per share and 18.17 cents
per share and headline earnings per share HEPS was expected to be between 16.85 cents per share and
17.94 cents per share representing an increase in:
    -     EPS of between 55% and 65% compared to 11.01 cents per share for the period ended 28
          February 2017; and
    -     HEPS of between 55% and 65% compared to 10.87 cents per share for the period ended 28
          February 2017.

Insimbi is pleased to announce that we are now confident that the expected range for both EPS and HEPS,
for the period ending 28 February 2018, will be between 65% and 70% higher when compared to the
previous corresponding period.

Shareholders are advised that EPS is now expected to be between 18.17 cents per share and 18.72 cents
per share and headline earnings per share HEPS is now expected to be between 17.94 cents per share and
18.48 cents per share representing an increase in:
    -     EPS of between 65% and 70% compared to 11.01 cents per share for the period ended 28
          February 2017; and
    -     HEPS of between 65% and 70% compared to 10.87 cents per share for the period ended 28
          February 2017.

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 2018.

Johannesburg
11 May 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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