NAMPAK LIMITED - Trading Statement for the year ended 30 September 2025

Trading Statement for the year ended 30 September 2025

NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK         ISIN: ZAE000322095
Share Code: NPP1        ISIN: ZAE000004966
Share Code: NPKP        ISIN: ZAE000004958
LEI: 3789003820EC27C76729
("Nampak" or "the group" or "the company")

TRADING STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Nampak is in the process of finalising its audited annual results for the year ended 30 September 2025
("the year" or "FY25"). In terms of the JSE Listings Requirements, shareholders are advised that
Nampak is satisfied that a reasonable degree of certainty exists that the financial results for the year to
be reported upon will differ by at least 20% from 30 September 2024 ("FY24").

In the prior year, the group classified various assets as held for sale and discontinued operations in
keeping with the asset disposal programme.

Continuing Operations

The change in headline earnings per share ("HEPS") and earnings per share ("EPS") for the group for
the year are expected to be as follows:

- HEPS of between 10 100.0 cents and 10 700.0 cents compared to HEPS of 3 361.1 cents in FY24,
  an increase of more than 100%; and
- EPS of between 13 200.0 cents and 14 500.0 cents compared to EPS of 7 554.0 cents in FY24, an
  increase of between 75% and 92%.

Significant once-off post-tax items affecting HEPS and EPS are as follows:

- In the current year, a significant interest cost reduction of R369 million, a pension fund surplus of R47
  million and a net R195 million settlement of an outstanding Covid-19 insurance claim was recognised.
- The prior year benefitted from a post-retirement medical aid gain of R212 million, offset by other non-
  recurring costs of R372 million.

Total Operations

The change in HEPS and EPS and loss per share ("LPS") for the group for the year are expected to be
as follows:
- HEPS of between 11 950.0 cents and 12 200.0 cents compared to HEPS of 1 378.0 cents in FY24,
  an increase of more than 100%; and
- EPS of between 41 150.0 cents and 42 000.0 cents compared to a LPS of 4 500.8 cents in FY24, an
  increase of more than 100%.

EPS is mostly increased by the recycling of a net foreign currency translation reserve of R2.2 billion.

The information contained in this trading statement has not been reviewed or reported on by the
company's external auditors. Nampak expects to release its audited annual results on or about Monday,
8 December 2025.


Bryanston
27 November 2025

Sponsor: PSG Capital

Date: 27-11-2025 07:05:00
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