Trading update – Year ended 28 February 2019 Insimbi Industrial Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 (“Insimbi”) TRADING UPDATE – YEAR ENDED 28 FEBRUARY 2019 We refer to the Voluntary Performance Update and Trading Statement which was issued on 16 April 2019 and provide the following further Trading Update. As mentioned, Insimbi Plastics had a difficult trading year which was exacerbated by the extended strike in the plastics industry. As a result, based on a review of the Goodwill carried on the Statement of Financial Position it was concluded that the full Goodwill of R8,9 million attributed to that company be impaired during this financial period. In addition to this the group also decided to early adopt IFRS 16 – the new standard on accounting for leases which negatively impacted earnings by R1,9 million. These two aspects had an impact on earnings of 2.76 cents per share. Shareholders are advised that Insimbi now expects the following results for the year ended 28 February 2019: Headline earnings per share (“HEPS”) between 13.46 cents (-27%) and 14.47 cents (-20%) for the year ended 28 February 2019 when compared to the reported HEPS of 18.45 cents for the year ended February 2018 (“corresponding period”). Earnings per share ("EPS") for the year ended 28 February 2019 is expected to be between 12.93 cents (-36%) and 11.82 cents (-30%) when compared to the reported EPS of 18.47 cents for the corresponding period. The audited financial results for the year ended 28 February 2019 will be released by 31 May 2019. 27 May 2019 Johannesburg Sponsor and Corporate Advisor: Bridge Capital Advisors Proprietary Limited Date: 27/05/2019 02:10:00 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.