Trading statement for the 6 months ended 31 December 2021 Imperial Logistics Limited (Incorporated in the Republic of South Africa) Registration number: 1946/021048/06 ISIN: ZAE000067211 Share code: IPL (‘Imperial’ or ‘the Company’ or ‘Group’) TRADING STATEMENT FOR THE 6 MONTHS ENDED 31 DECEMBER 2021 Imperial is currently finalising its unaudited interim results for the six months ended 31 December 2021 (“current period”). TOTAL OPERATIONS INCLUDING DISCONTINUED OPERATIONS Imperial’s shareholders are advised that there is a reasonable degree of certainty that the Group’s total basic earnings per share (EPS) including discontinued operations (European shipping) for the current period, is expected to remain close to the level reported for the six months ended 31 December 2020 (“prior period”). A range as contemplated in the JSE Listings Requirements is provided below: 31 December 2020 31 December 2021 As reported Expected range Total EPS (cents) 437 437 to 459 (up less than 5%) The Group’s total basic headline earnings per share (HEPS) including discontinued operations for the current period is expected to decrease compared to the prior period, negatively impacted by a R148 million once-off charge relating to the Broad-based Black Economic Empowerment (B-BBEE) deal concluded in July 2021, and the negative impacts of the social unrest in South Africa, COVID-19 and the shortage of semi-conductors on trading results of certain operations, mainly in Europe and the United Kingdom. Results were supported by an excellent performance from the Logistics Africa and Market Access businesses, volume recovery across most businesses, the contribution from acquisitions and new business gains. A range as contemplated in the JSE Listings Requirements is provided below: 31 December 2020 31 December 2021 As reported Expected range Total HEPS (cents) 185 105 to 129 (down between 30% and 43%) CONTINUING OPERATIONS EPS and HEPS for continuing operations for the current period compared to that reported for the prior period are expected to increase by more than 20%. A range is provided below: 31 December 2020 31 December 2021 As reported Expected range Continuing EPS (cents) 125 437 to 459 (up between 250% and 267%) 31 December 2020 31 December 2021 As reported Expected range Continuing HEPS (cents) 180 105 to 129 (down between 28% and 42%) Profit from operations before depreciation, impairments and recoupments is reflected by the range below. 31 December 2020 31 December 2021 As reported Expected range Profit from operations before 2 551 2 373 – 2 433 depreciation, impairments and (down between 5% and 7%) recoupments (Rm) Core EPS is a measurement of pure trading performance and is calculated as headline earnings plus amortisation of intangible assets arising from business combinations, acquisition costs, re-measurement of put option and contingent consideration liabilities and charge relating to the B-BBEE deal. All adjustments are net of tax and non-controlling interest. Core EPS is not an IFRS measurement and is consistent with how the Group's performance is measured and reported internally to assist in providing meaningful analyses. 31 December 2020 31 December 2021 As reported Expected range Continuing CEPS (cents) 235 265 to 289 (up between 13% and 23%) Imperial continues to generate strong free cash flow and its balance sheet remains resilient. As such, Imperial has sufficient headroom in terms of debt capacity and liquidity, and is well within its banking covenants. With regards to the DP World offer, the South African Competition Tribunal hearing was held on Friday, 18 February 2022 and, as previously communicated in the announcement released on the Stock Exchange News Service of the JSE Limited on Thursday, 3 February 2022, the current Scheme Cut-off Date is 7 March 2022. The JSE Listings Requirements provide that a company has up to three months post its interim period end to publish its financial results to the market. In Imperial’s case this will be by no later than 31 March 2022. As such, whether or not Imperial publishes its interim results for the 6 months ended 31 December 2021 to the market will depend on the timing of the outcome of a decision from the South African Competition Tribunal and the fulfilment of the other outstanding Scheme Conditions. Shareholders will be updated in due course. The financial information on which this trading statement is based is the responsibility of the board of directors of Imperial. Certain information presented in this announcement constitutes alternate financial measures which are presented for illustrative purposes only. The responsibility for preparing and presenting the alternate financial measures and for the completeness and accuracy thereof is that of the directors of Imperial. Because of its nature, the alternate financial measures may not fairly present Imperial’s financial position, changes in equity, and results of operations or cash flows. The alternate financial measures and any forecast financial information contained in this trading statement is based on information available at the time of publication. Shareholders are advised that, in accordance with Regulations 111 (9) and (10) of the Companies Regulations, 2011, read with Section 3.4 (b) (viii) (1) of the JSE Listings Requirements, the financial information in the trading statement has been reviewed and reported on by Deloitte & Touche, the Group’s external auditors. Their review was performed in accordance with ISAE 3400 - The Examination of Prospective Financial Information. A copy of the unmodified report is available for inspection by shareholders at the registered address of Imperial. Bedfordview 23 February 2022 Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 23-02-2022 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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