Unaudited condensed consolidated interim financial results for the six months ended 31 December 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") Unaudited condensed consolidated interim financial results for the six months ended 31 December 2019 Results overview - Revenue increased by 8% - EBITDA increased by R70 million - Debt reduced by R155 million - Cash generated from operations decreased by 35% to R64 million - Biological asset value increased by 6% - Earnings per share improved from a loss of 20 cents per share to a loss per share of 19 cents - Headline earnings per share remained the same at a loss of 20 cents - No dividend has been declared for the interim period ended 31 December 2019. 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 the full announcement. The full announcement was made available on SENS on 31 March 2020, and is accessible via the following JSE link https://senspdf.jse.co.za/documents/2020/jse/isse/YRK/HY2020SENS.pdf and can be found on the Company's website at www.york.co.za. 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 GCD Stoltz Chief Executive Officer Chief Financial Officer 31 March 2020 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: 31-03-2020 05:25:00 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.