Updated trading statement for the six months ended 31 January 2020 EOH HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/014669/06) JSE share code: EOH ISIN: ZAE000071072 (“EOH” or “the Group”) UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 JANUARY 2020 Shareholders are referred to the trading statement published on SENS on 19 March 2020, in which EOH indicated an improvement of at least 64% to the loss per share (“LPS”) and an improvement of at least 47% to the headline loss per share (“HLPS”) for the Group for the six months ended 31 January 2020 (“H1 2020”) compared to the previous corresponding period, being the six months ended 31 January 2019 (“H1 2019”). EOH is now in a position to confirm that the LPS and HLPS for H1 2020, being an improvement from the expected LPS and HLPS for H1 2020 as previously announced, will be as follows: H1 2020 H1 2019 LPS and H1 2019 Anticipated LPS and HLPS HLPS (restated) 2 LPS and HLPS (as previously reported)1 LPS: Total Loss of 687 cents per share, a 67% Loss of 1 689 cents per Loss of 2 099 cents per share operations improvement on H1 2019 share LPS: Loss of 527 cents per share, a 75% Loss of 1 702 cents per Loss of 2 073 cents per share Continuing improvement on H1 2019 share operations HLPS: Total Loss of 395 cents per share, a 60% Loss of 827 cents per Loss of 993 cents per share operations improvement on H1 2019 share HLPS: Loss of 381 cents per share, a 61% Loss of 840 cents per Loss of 973 cents per share Continuing improvement on H1 2019 share operations 1 Before taking into account the restatement and the reclassification as detailed in the trading statement published on 19 March 2020. 2 After taking into account the restatement and the reclassification as detailed in the trading statement published on 19 March 2020. These numbers are impacted by: 1. the restatement of the results for the six-month period ended 31 January 2019 in order to align with the conclusions and restatements set out in the consolidated annual financial statements for the year ended 31 July 2019; and 2. the impairment assessments performed on the Group’s cash-generating units having had an indicator of impairment, which, coupled with the sale, and discontinuation of certain non-core business activities, had an impact on the carrying value of goodwill. A detailed assessment of the H1 2020 financial results, including the impact of the restatements, EOH’s ongoing deleveraging strategy and performance of the Group will be provided on publication of the interim results on Tuesday, 7 April 2020. COVID-19 On 15 March 2020, the President of South Africa announced a national state of disaster and on 23 March 2020 a 21-day National Lockdown was announced to run from midnight on 26 March 2020 to midnight on 16 April 2020. The lockdown and the subsequent economic impact of the COVID-19 outbreak are expected to affect the performance of EOH going forward. The Group has a COVID-19 management team in place, consisting of representatives from the executive committee as well as key operational and support functions, to monitor the situation on a daily basis and ensure adequate risk management and mitigation actions are taken as well as communications and engagement with clients, staff and other stakeholders. These efforts include a complete review of customer requirements and all costs in the face of changing operational requirements across the entire business. The financial information on which this trading statement is based has not been reviewed and reported on by the Group’s external auditors. EOH will publish its interim results on 7 April 2020 and the results will be presented via a webcast in light of the lockdown. 3 April 2020 Sponsor Java Capital Date: 03-04-2020 03:50:00 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.