Unaudited Interim Results for the six months ended 31 March 2022 Astral Foods Limited Incorporated in the Republic of South Africa Registration number: 1978/003194/06 Share code: ARL ISIN: ZAE000029757 Unaudited Interim Results for the six months ended 31 March 2022 - Revenue increase 26% - Operating profit increase 134% - Earnings per share increase 146% - Headline earnings per share increase 138% - Interim dividend 790 cents per share FINANCIAL RESULTS Unaudited Unaudited six months Audited six months ended 12 months ended 31 March ended 31 March 2021 30 September 2022 % Restated 2021 R'000 change R'000 R'000 Revenue From continuing operations 9 427 269 26 7 452 551 15 865 938 From discontinued operations 94 574 3 91 553 181 300 Profit before interest and tax (operating profit) From continuing operations 785 326 134 336 000 710 999 From discontinued operations 17 105 97 8 686 20 427 Profit for the period From continuing operations 546 860 145 223 002 459 641 From discontinued operations 14 979 126 6 627 14 082 Total assets 8 139 428 8 7 560 768 7 834 985 Total equity 4 508 355 12 4 014 111 4 161 191 Total liabilities 3 631 073 2 3 546 657 3 673 794 Earnings per share (rand per share) R14.56 146 R5.92 R12.25 From continuing operations (rand per share) R14.22 R5.78 R11.92 From discontinued operations (rand per share) R0.33 R0.14 R0.33 Headline earnings per share (rand per share) R14.20 138 R5.97 R12.28 From continuing operations (rand per share) R13.86 R5.82 R11.92 From discontinued operations (rand per share) R0.33 R0.14 R0.33 Dividends per share - declared out of earnings for the period - Interim dividend (rand per share) R7.90 R3.00 R3.00 - Final dividend (rand per share) R4.00 - Total dividend (rand per share) R7.00 REGULATORY REQUIREMENTS The information in this announcement has been extracted from the full announcement of the Unaudited Interim Results. The contents of this short-form announcement are the responsibility of the Board of Directors of Astral. The information in the short-form announcement is a summary of the full announcement available on the Company's website at the following link: https://www.astralfoods.com/interim-results-2022.html, and accordingly does not contain full or complete details. The full announcement can also be accessed online at the following link: https://senspdf.jse.co.za/documents/2022/jse/isse/ARL/ie2022.pdf. Any investment decisions by shareholders/investors should be based on the full announcement as released on the JSE's website and published on the Company's website, www.astralfoods.com. The full announcement is available at the Company's registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, Nedbank Corporate and Investment Banking, a division of Nedbank Limited, from 16 May 2022 to 19 May 2022, both days inclusive. Copies of the full announcement may be requested from the registered office of the Company by e-mailing such a request to contactus@astralfoods.com. DECLARATION OF ORDINARY DIVIDEND NO 41 The Board has approved an interim dividend of 790 cents per ordinary share (gross) in respect of the six months ended 31 March 2022. The dividend will be subject to Dividend Tax that was introduced with effect from 1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements the following information is disclosed: - The dividend has been declared out of income reserves; - The local Dividend Tax is 20% (twenty per centum); - The gross local dividend is 790 cents per ordinary share for shareholders exempt from Dividend Tax; - The net local dividend is 632 cents per ordinary share for shareholders liable to pay Dividend Tax; - Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes 4 088 577 treasury shares held by a subsidiary and 437 095 restricted shares held in treasury in terms a forfeitable share incentive scheme); and - Astral Foods Limited's income tax reference number is 9125190711. Shareholders are advised of the following dates in respect of the interim dividend: Last date to trade cum-dividend Tuesday, 7 June 2022 Shares commence trading ex-dividend Wednesday, 8 June 2022 Record date Friday, 10 June 2022 Payment of dividend Monday, 13 June 2022 Share certificates may not be dematerialised or rematerialised between Wednesday, 8 June 2022 and Friday, 10 June 2022, both days inclusive. On behalf of the Board T Eloff Chairman CE Schutte Chief Executive Officer Pretoria 16 May 2022 Sponsor Nedbank Corporate and Investing Banking, a division of Nedbank Limited Date: 16-05-2022 08:00:00 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. 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