Consolidated financial results for the year ended 30 June 2019 York Timber Holdings Limited Incorporated in the Republic of South Africa Registration number: 1916/004890/06 JSE share code: YRK ISIN: ZAE000133450 ("York" or the "Company") Consolidated financial results for the year ended 30 June 2019 Results overview - Results negatively impacted by industrial action - Revenue down by 12%* - EBITDA (Earnings before interest, tax, depreciation and amortisation) down by 28%* - EBITDA at R201 million for the 6 months ended 30 June 2019 - Debt decreased by R121 million - Cash generated from operations decreased by 21%* to R224 million - Cash in bank at reporting date of R89 million - Biological asset value up 8% - Net asset value per share down 1% from 990 cents* to 980 cents - Core earnings per share decreased from 26 cents* to 8 cents - Earnings per share decreased from 44 cents* to a loss per share of 11 cents - Headline earnings per share increased from 45 cents* to 50 cents - No dividend has been declared for the year ended 30 June 2019 (2018: R nil) * Restated figures About this short-form announcement This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decision should be based on consideration of the full announcement. The full announcement is accessible via the following JSE link https://senspdf.jse.co.za/documents/2019/jse/isse/YRK/FY2019SENS.pdf and on the Company's website at http://www.york.co.za/downloads/ AuditedConsolidatedResults.pdf. Copies of the full announcement may also be requested at the Company's registered office, at no charge, on Mondays to Fridays, during office hours. On behalf of the Board PP van Zyl Chief Executive Officer GCD Stoltz Chief Financial Officer 30 September 2019 Executive directors: Pieter van Zyl (CEO), Gerald Stoltz (CFO) Non-executive directors: Dr Jim Myers* (Chairman, USA), Dr Azar Jammine*, Shakeel Meer, Dinga Mncube*, Andries Brink*, Hetisani Mbanyele-Ntshinga*, Max Nyanteh* (*independent) Registered office: York Corporate Office, 3 Main Road, Sabie, Mpumalanga Postal address: PO Box 1191, Sabie, 1260 Auditor: PricewaterhouseCoopers Inc. Company Secretary: Sue Hsieh Sponsor: One Capital Transfer secretaries: Computershare Investor Services Proprietary Limited www.york.co.za Date: 30/09/2019 03:10:00 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.