MARSHALL MONTEAGLE PLC - Trading Statement

Trading Statement

 Marshall Monteagle PLC
 (Incorporated in Jersey)
 (Registration number: 102785)
 (External registration number:
 2010/024031/10)
 JSE Code: MMP ISIN: JE00B5N88T08
 ("the Company")

TRADING STATEMENT FOR THE 6 MONTH PERIOD ENDED 30 SEPTEMBER 2023

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, 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 next will differ by at least 20% from those of
the previous corresponding period.

Shareholders are advised that the Company expects the following to be reported for the six
months' period ended 30 September 2023:

   •   Headline earnings per share were US$2.2 cents per share compared to a loss of
       US$6.9 cents per share for the six-month period to 30 September 2022.
   •   Basic earnings per share were US$2.2 cents compared to a basic loss of US$6.9 cents
       per share for the six-month period to 30 September 2022.

The reasons for the expected increases are an improved performance on listed equity
investments, an increase in interest income earned on group cash balances, and an improved
performance from the groups physical trading and trade finance divisions.

The financial information on which this trading statement is based has not been reviewed or
reported on by the Company's auditors.

The Company's interim results for the six-month period ended 30 September 2023 are
expected to be published on or about 12 December 2023.


5 December 2023
London

JSE Sponsor to the Company

Questco Corporate Advisory Proprietary Limited

Date: 05-12-2023 09:00:00
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