Trading Statement And Assets Under Management CORONATION FUND MANAGERS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1973/009318/06 Share code: CML ISIN: ZAE000047353 LEI: 3789001BC9A29E6FF77 (“Coronation” or “the Company”) TRADING STATEMENT AND ASSETS UNDER MANAGEMENT In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement once it is satisfied that a reasonable degree of certainty exists that financial results to be reported on will differ by at least 20% from the financial results for the prior corresponding period. The board of directors of Coronation is satisfied that a reasonable degree of certainty exists that the Company’s earnings will decrease by more than 20% as outlined below. Shareholders are referred to the SENS announcement released on 22 February 2023 regarding the financial impact of the Supreme Court of Appeal (“SCA”) judgement. Fund management earnings per share (“FMEPS”) for the six months ended 31 March 2022 (“prior period”) was 214.8 cents per share and is expected to decrease between 110% to 120% (236.3 to 257.8 cents per share) resulting in a fund management loss per share of between 21.5 to 43.0 cents per share. Fund management earnings are used by management to measure operating financial performance, being profit for the period excluding the net mark-to-market impact of unrealised fair value gains and losses, and related foreign exchange, on investment securities held. The impact of the net mark-to- market of fair value gains and related foreign exchange is 19.1 cents per share, compared to net fair value losses of 15.6 cents per share reflected in the prior period. Earnings per share (“EPS”), headline earnings per share (“HEPS”) and diluted headline earnings per share (“DHEPS”) for the prior period were 199.1 cents per share and are expected to decrease between 101% to 111% (by 201.1 to 221.0 cents per share), resulting in a loss per share, headline loss per share and diluted headline loss per share of between 2.0 to 21.9 cents per share. As a result of the material financial impact of providing for the tax case, the Company will not be declaring an interim dividend for the period ended 31 March 2023. Update on Tax Matter - Appeal to Constitutional Court As conveyed in a previous announcement, the Company is disappointed with the SCA judgment in favour of SARS, which overturned the decision of the Western Cape Tax Court. The Company applied to the Constitutional Court for leave to appeal the SCA judgement as it is firmly of the view that the SCA erred in its ruling. Should the Constitutional Court grant leave to the parties for the matter to be heard, it is likely to be heard in the 2024 financial year. Assets under Management (“AuM”) Update Shareholders are advised that Coronation’s total AuM as at 31 March 2023 are R623bn. The information contained in this announcement has not been reviewed or reported on by the external auditor of Coronation. Cape Town 21 April 2023 Sponsor PSG Capital Date: 21-04-2023 10:45:00 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.