Update In Respect Of Legal Matter And Trading Statement MUSTEK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/070161/06) Share code: MST ISIN: ZAE000012373 (“Mustek” or “the company”) UPDATE IN RESPECT OF LEGAL MATTER AND TRADING STATEMENT Shareholders are referred to the SENS announcements dated 30 August 2018 and 22 February 2019 in which a legal dispute with an insurance company was reported. The dispute related to the validity and enforceability of a guarantee issued by an insurance company in favour of Mustek. Judgment in the matter was handed down on 29 July 2019 and the High Court ruled in favour of the insurance company. We are still investigating the appropriate accounting treatment, but the full amount will be provided for at 30 June 2019 and the after tax effect of the expense will be R12,6 million. Mustek’s board, together with its legal representatives are considering the judgment and the merits to appeal the judgment. Despite the ruling and the effect on the 2019 financial statements, Mustek’s shareholders are informed that, for the year ended 30 June 2019, Mustek expects that: - Earnings per share will be at least the same as the 102,58 cents reported in the previous financial year; and - Headline earnings per share will be at least the same as the 104,15 cents reported in the previous financial year. A further trading statement that will include the expected date of release of its financial results, will be published once the company obtains reasonable certainty to provide guidance on the percentages and ranges to describe the differences. The above information has not been reviewed or reported on by the company’s auditors. Midrand 30 July 2019 Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited Date: 30/07/2019 09:47:00 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.