MUSTEK LIMITED - Unaudited condensed consolidated financial results for the six months ended 31 December 2019

Unaudited condensed consolidated financial results
for the six months ended 31 December 2019

Mustek Limited
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
Share code: MST
ISIN: ZAE000012373
"Mustek" or "the Group"
Short form announcement: results for the six months ended 31 December 2019

-   Revenue R3.01 billion, up 11.3% (31 December 2018: R2.70 billion)
-   Operating profit R116.47 million, up 0,0% (31 December 2018: R116.43 million)
-   Headline earnings per share 75.79 cents, up 9.1% (31 December 2018: 69.49 cents)
-   Basic earnings per share 75.72 cents, down 3.2% (31 December 2018: 78.24 cents)
-   Net asset value per share 1 540,43 cents, up 8,0% (31 December 2018: 1 426.38 cents)

The information has been extracted from the unaudited results for the six months ended
31 December 2019 and this announcement itself has not been audited or reviewed.

This short-form announcement is the responsibility of the directors. It is only a summary
of the information contained in the full announcement and does not contain full or complete
details. Any investment decision should be based on the full announcement, which can be
accessed from Friday, 28 February 2020, using the following JSE link:
https://senspdf.jse.co.za/documents/2020/jse/isse/MST/Int2020.pdf.

Alternatively, the full announcement is available on our website at https://mustek.co.za/financial/

The full announcement is available for inspection at Mustek's registered office on weekdays
from 09:00 to 16:00, and copies thereof may be requested free of charge at ltd@mustek.co.za.

For and on behalf of the Board of directors
David Kan
Chief executive officer

Neels Coetzee CA(SA)
Financial director
(preparer of Group results)

28 February 2020
Midrand


Corporate information
Incorporated in the Republic of South Africa, Registration number: 1987/070161/06, JSE share code: MST
ISIN: ZAE000012373, "Mustek" or "the Group"

Company secretary: Sirkien van Schalkwyk, Office C0101b, Elarduspark Shopping Centre, 837 Barnard Street,
Elarduspark, 0181. PO Box 4896, Rietvalleirand, 0174.Telephone: +27 (0)12 751 6000

Transfer secretaries: Computershare Investor Services Proprietary Limited,Rosebank Towers, 15 Biermann Avenue,
Rosebank, 2196. PO Box 61051, Marshalltown, 2107, South Africa.Telephone: +27 (0)11 370 5000

Registered office: 322 15th Road, Randjespark, Midrand, 1685Postal address: PO Box 1638, Parklands, 2121
Contact numbers: Telephone: +27 (0)11 237 1000Facsimile: +27 (0)11 314 5039Email: ltd@mustek.co.za

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

www.mustek.co.za

Date: 28-02-2020 08:40:00
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