Trading Statement in Respect of the Half Year Ended 31 March 2025 Nutun Limited (formerly known as "Transaction Capital Limited") (Incorporated in the Republic of South Africa) Registration number: 2002/031730/06 JSE share code: NTU ISIN: ZAE000167391 ("Nutun" or "the company" or "the group") TRADING STATEMENT IN RESPECT OF THE HALF YEAR ENDED 31 MARCH 2025 Trading Update Following the transformative corporate activity concluded during the 2024 financial year the simplified group continued trading during the 2025 financial year as a global specialist Business Process Outsourcing (BPO) operator and an innovative provider of collection and debt acquisition services in South Africa. The group changed its name to Nutun Limited as announced on SENS on 5 March 2025. The outlook on Nutun's medium- and long-term potential is positive, however, while much has been achieved in the first year of a two-year restructuring process, the half year ended 31 March 2025 ("HY1 2025") results are reflective of the fact that the transition will need time to become embedded, and gain traction, in the business. The group has been simplified, with a material reduction in overheads achieved, including the elimination of the group head office. Both divisions, Nutun South Africa and Nutun International, remain customer focused with clear target markets and client-bases, streamlined cost architectures and experienced management teams which enables them to capitalise on their leading positions in the South African collections and recovery market and the South African BPO offshoring market. Trading Statement In accordance with the Listings Requirements of the JSE, Nutun advises shareholders of the following expected ranges for H1 2025: Half year ended Half year ended Half year ended 31 March 2025 31 March 2025 31 March 2024 Expected Expected Actual number range percentage range restated(1) Continuing earnings(2) Basic (loss)/ earnings -R115m to -R129m Loss increase between -R57m 101 – 127% Basic (loss)/ earnings per share -14.6 cents to -16.5 cents Loss increase between -7.4 cents 98 – 120% Headline (loss)/ earnings -R115m to -R129m Profit decrease by more R18m than 100% Headline (loss)/earnings per share -14.6 cents to -16.5 cents Profit decrease by more 2.3 cents than 100% Core loss(3) -R65m to -R77m Loss decrease between -R104m 26 – 38% Core loss per share(3) -8.2 cents to -9.9 cents Loss decrease between -13.5 cents 27 – 39% Half year ended Half year ended Half year ended 31 March 2025 31 March 2025 31 March 2024 Expected Expected Actual number range percentage range restated(1) Total earnings Basic (loss)/ earnings -R58m to -R70m Loss decrease between -R1 723m 96 – 97% Basic (loss)/ earnings per share -7.4 cents to -8.9 cents Loss decrease between -223.8 cents 96 – 97% Headline loss -R128m to -R142m Loss decrease between -R1 780m 92 – 93% Headline loss per share -16.4 cents to -18.1 cents Loss decrease between -231.2 cents 92 – 93% Core loss(3) R65m to -R77m Loss decrease between -R1 549m 95 – 96% Core loss per share(3) -8.2 cents to -9.9 cents Loss decrease between -201.2 cents 95 – 96% (1) Comparative information for 31 March 2024 has been restated for the correction of identified prior period errors in terms of IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors. (2) Earnings /(loss) from continuing operations exclude results from discontinued operations. (3) Core earnings from continuing operations is a non-IFRS measure which is calculated by adjusting headline earnings with the following: - Once-off transaction costs which are directly attributable to corporate activity (which comprises mostly legal and consulting fees). - Adjustments on put and call options over non-controlling interests. - Once-off or accelerated items, where these are reasonably expected not to re-occur in the ordinary course of business in future reporting periods. - Adding back specified headline earnings exclusions, if the gain/loss is considered part of Nutun's normal operations. The financial information on which this trading statement is based on has not been reviewed by or reported on by the group's external auditors. Results Announcement Nutun's results for the half year ended 31 March 2025 will be released on SENS on Tuesday, 20 May 2025. Sandton 16 May 2025 JSE equity sponsor: Investec Bank Limited Legal Advisor to the company: ENS Enquiries: IR@nutun.com Date: 16-05-2025 05:05:00 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.