Trading Statement SALUNGANO GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 2005/006913/06) Share code: SLG ISIN: ZAE000306890 ("Salungano Group" or "the Company" or "the Group") TRADING STATEMENT 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 they become reasonably certain that the financial results for the period to be reported on will differ by more than 20% from that of the previous corresponding period. Accordingly, a review by management of the financial results for the year ended 31 March 2023 has indicated that: - the headline loss per share is expected to be between 50.65 cents and 57.65 cents, compared to the headline earnings per share of 6.13 cents for the year ended 31 March 2022; and - the loss per share ("LPS") is expected to be between 160.68 cents and 178.68 cents, compared to the LPS of 9.06 cents for the year ended 31 March 2022. The Group was able to maintain a positive cash generation from operations with EBITDA expected to be between R80 million and R120 million. The financial information on which this trading statement is based has not been reviewed or reported on by the Company's auditors. Salungano Group's financial results are expected to be released on SENS on or about 15 April 2024. Johannesburg 26 March 2024 Sponsor Merchantec Capital Date: 26-03-2024 10:55:00 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.