Trading Statement Mahube Infrastructure Limited (Incorporated in the Republic of South Africa) (Registration number: 2015/115237/06) ISIN: ZAE000290763 JSE code: MHB ("Mahube" or the "Company") TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, Mahube's shareholders are hereby advised that the Company and its directors have reasonable certainty that earnings and headline earnings per share are expected to be between 58.21 cents per share and 64.34 cents per share for the year ended 28 February 2025, being a decrease of between 32.87% and 39.26%, compared to basic and headline earnings of 95.85 cents per share reported for the previous comparable period, being the year ended 29 February 2024. The abovementioned decrease is mainly due to lower dividends received from Mahube's investee companies in the financial period under review when compared to dividends received in the previous financial period, which included special dividends received resulting from the refinancing of the solar projects. The financial information in this trading statement has not been reviewed and reported on by the auditors of the Company. Mahube's financial results for the year ended 28 February 2025 will be published on or about 30 May 2025. 21 May 2025 JSE Sponsor to Mahube Questco Corporate Advisory Proprietary Limited Date: 21-05-2025 08:00:00 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.