Renewal of cautionary announcement: Potential BEE transaction BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/013656/06 Share code: BEL ISIN: ZAE000028304 ("Bell Equipment" or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT: POTENTIAL BEE TRANSACTION Bell Equipment shareholders are referred to the cautionary announcement released on SENS on 16 October 2019 relating to the engagement by the Company in discussions which may culminate in the introduction of a Black Economic Empowerment(“BEE”) shareholder into Bell Equipment Company S A (Pty) Ltd, the manufacturing subsidiary of the Company (“the proposed BEE transaction”). The cautionary announcement is still relevant and applicable. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s shares until a further announcement is made. Richards Bay 21 November 2019 Sponsor INVESTEC BANK LIMITED Date: 21/11/2019 04:54:00 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.
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