Trading statement PBT Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1936/008278/06) JSE Share code: PBG ISIN: ZAE000256319 ("PBT Group" or “the Company”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 In terms of paragraph 3.4 of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied with a reasonable degree of certainty that the financial results of the period to be reported upon will differ by 20% or more from the financial results of the previous corresponding period. Shareholders of PBT Group are advised that the Company is currently finalising its results for the six months ended 30 September 2019. Results are expected to be as follows: For the six months ended For the six months ended 30 September 2019 30 September 2018 Earnings per share Between 15.7 cents per share 2.96 cents per share (restated) and 16.7 cents per share Headline earnings per Between 15.7 cents per share 3.04 cents per share (restated) share and 16.7 cents per share These much improved results were mainly achieved due to the successful exit of the Middle-East/Africa operations and continued and increasing demand for the Group’s services. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. By order of the board of directors. Cape Town 18 November 2019 Sponsor: Sasfin Capital A member of the Sasfin Group Date: 18/11/2019 10:15:00 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.