CLIENTELE LIMITED - Trading statement update for the financial year ended 30 June 2025

Trading statement update for the financial year ended 30 June 2025

Clientèle Limited
Registration number 2007/023806/06
Share code: CLI
ISIN: ZAE000117438
("Company" or "Group")


Trading statement update for the financial year ended 30 June 2025

In terms of the Listings Requirements of the JSE Limited, a listed company must
publish a trading statement once it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported will
differ by at least 20% from reported financial results for the previous
corresponding period.

A review by management of the financial results for the year ended 30 June 2025
has indicated that, following on from the first-time consolidation of newly
acquired wholly owned subsidiary, 1Life Insurance Limited ("1Life"):

   -   the Group's earnings per share ("EPS") is expected to increase by between
       129% and 149% resulting in an increase to between 224.88 cents and 244.56
       cents, when compared to the EPS of 98.39 cents for the Comparative Period.

   -   the Group's headline earnings per share ("HEPS") is expected to increase
       by between 39% and 59% resulting in an increase to between 136.88 cents
       and 156.56 cents, when compared to the HEPS of 98.39 cents for the
       Comparative Period.

When considering the EPS results in this announcement, shareholders are
encouraged to appreciate the noteworthy impact of the once-off recognition of
a bargain purchase gain of R403 million arising from the fair value measurement
at the date of acquisition of 1Life. The details will be explained in the
Group's condensed results for the 2025-year end. Furthermore, the gain is not
included in the Group's HEPS.

Shareholders   should    note   that   the   acquisition    of   Emerald   Life
(Proprietary)Limited ("Emerald") with effect from 24 June 2025, has had no
impact on the Statement of Comprehensive Income for the Group, given the timing
of the transaction. However, the acquisition has resulted in the recognition of
goodwill of circa R130 million arising from the first-time recognition of
Emerald's fair value balances on the Group's Statement of Financial Position at
year-end. The details will be explained in the Group's condensed results for
the 2025-year end.

The Group remains in a sound solvency and liquidity position and has continued
to generate strong positive cash flows.

The financial information on which this trading statement is based has not been
reviewed or reported on by the Group's auditors. The Group's condensed results
for the year ended 30 June 2025 are expected to be released on SENS on or about
5 September 2025.


25 August 2025
Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Date: 25-08-2025 07:30:00
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