Trading Statement for the Six Months Ended 31 August 2018 MASTER PLASTICS LIMITED Incorporated in the Republic of South Africa (Registration number 2016/323930/06) Share code: MAP ISIN: ZAE000242921 (“Master Plastics” or “the Group”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 AUGUST 2018 In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the reporting period will differ by at least 20% from that of the previous corresponding period. The Board of Directors of Master Plastics herewith advise shareholders that, due to the factors detailed below, headline earnings per share ("HEPS") and earnings per share ("EPS") for the six months ended 31 August 2018 are expected to be within the following ranges: Six months ended 31 Six months ended 31 August Expected % change August 2017 as reported 2018 as expected (cents) (cents) HEPS 12.2 8.10 - 8.71 (28.6%-33.6%) EPS 12.1 8.10 - 8.70 (28.1%-33.1%) The first six months of the financial year to 31 August 2018 represented a difficult trading period as the Group had to contend with extremely challenging and some unfamiliar conditions in numerous core markets. The major impacting factors were the effect of the droughts experienced in the Western Cape, the listeria outbreak which continued to depress the processed meats and spice markets and the market’s reaction to the on-going land policy debate, which has had a negative impact on both investment into the agricultural sector and the exchange rate. The weaker exchange rate and the increase in the oil prices towards the end of the period have resulted in further adverse movements in polymer input prices, which has also negatively impacted working capital. These factors, together with a generally weak economy, an ever-increasing cost of living and increased taxes have resulted in a platform not conducive for trading during the first six months. All these matters continue to adversely impact the Group and are expected to continue to exert pressure on trading performance over the balance of the financial year due to their macro-economic and political nature. The information on which this trading statement is based, has not been reviewed, audited or reported on by the auditors of Master Plastics. The Group anticipates releasing its unaudited results for the six months ended 31 August 2018 on SENS on or about 18 September 2018. Johannesburg 11 September 2018 Designated Adviser Merchantec Capital Date: 11/09/2018 02:30:00 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.