Notification of delay in release of annual financial results and integrated annual report BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“the Company”) NOTIFICATION OF DELAY IN RELEASE OF ANNUAL FINANCIAL RESULTS AND INTEGRATED ANNUAL REPORT Shareholders are advised that additional time is required for further consideration by the Board of Directors of the impact on the group globally of the COVID-19 pandemic and the announcement of the 21 day nationwide lockdown by President Ramaphosa on 23 March 2020. The group is engaging with its employees, financiers, suppliers, customers and other stakeholders, including Government, in this regard and plans are being made to mitigate some of the impact as the situation develops. The group had previously announced that it would be releasing its 2019 year-end results on or about 30 March 2020. Shareholders are now advised that as a result of the above delay the group will not be able to meet its financial reporting obligations and issue its provisional audited results by 31 March 2020. The group now expects to release its 2019 results by 30 April 2020, with the posting of its 2019 integrated annual report potentially delayed to 14 May 2020. The JSE has acceded to the group’s request to allow these extensions. A revised date for an investor call will be communicated after the completion of the lockdown period on 16 April 2020, unless the lockdown period is extended. The group plans to be as transparent as possible as it navigates through these difficult circumstances and further updates will be provided to shareholders in due course, as new information becomes available. Calls requested by investors with management will be declined due to the risk of asymmetrical release of information to the market. Shareholders are also referred to the updated trading statement released on SENS on 16 March 2020 wherein the Company announced that earnings per share and headline earnings per share for the year ended 31 December 2019 are expected to be at least 70% down on the previous year. Richards Bay 1 April 2020 Sponsor: INVESTEC BANK LIMITED Date: 01-04-2020 09:26:00 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.