Interim Results Announcement TREMATON CAPITAL INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/008691/06) JSE code: TMT ISIN: ZAE000013991 ("Trematon" or "the company") UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS for the six months ended 29 February 2020, and CHANGES TO COMPOSITION OF BOARD COMMITTEES SALIENT FEATURES Unaudited Unaudited 2020 2019 % R'000 R'000 change Revenue 198 952 198 801 0.1 Operating profit 63 541 58 352 9 Profit after tax 4 157 5 867 (29) Headline earnings/(loss) 18 (213) 108 Earnings per share (cents) 0.4 (0.1) 500 Headline earnings per share (cents) 0.01 (0.1) 110 Net asset value per share (cents) 411 403 2 Intrinsic net asset value per share (cents) 510 482 6 DIRECTORS' STATEMENT The directors, who take responsibility for the contents of this short-form announcement, present the unaudited condensed consolidated interim results of Trematon Capital Investments Limited for the six months ended 29 February 2020. The interim results were prepared under the supervision of the chief financial officer, Mr AL Winkler CA (SA). The information in this announcement has been extracted from the unaudited interim results. This announcement itself has not been reviewed or audited. The financial information is only a summary and does not contain full details of the interim financial results. Any investment decisions by investors and/or shareholders should be based on information contained in the full announcement, which is available on the JSE website and on the company's website. The announcement will be available on the company's website at the following address: https://www.trematon.co.za/download/2353 The announcement will be available on the JSE website at the following address: https://senspdf.jse.co.za/documents/2020/jse/isse/tmt/hy2020.pdf Copies of the announcement may also be requested at the company's registered office by phoning the company during office hours on +27 21 421 5550. CHANGES TO COMPOSITION OF BOARD COMMITTEES Subsequent to the changes to the board that were announced on SENS during 2019 and in compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, Trematon wishes to make the following announcement regarding the restructuring of the various board committees of the company as follows: Social and ethics committee Messrs K Getz and AJ Shapiro have been appointed to the social and ethics committee and Messrs R Lockhart-Ross and AM Louw have resigned from this committee. Remuneration committee Mr K Getz has resigned from the remuneration committee. Investment committee Mr JP Fisher has resigned from the investment committee. Domicile and registered office: 3rd Floor, Aria North Wharf 42 Hans Strijdom Avenue, Foreshore, Cape Town 8001 PO Box 15176, Vlaeberg 8018 Transfer secretaries: Link Market Services South Africa (Pty) Limited 19 Ameshoff Street, Braamfontein, 2001 Directors: R Lockhart-Ross (Chairman)*#, AJ Shapiro (Chief Executive Officer), AL Winkler (Chief Financial Officer), JP Fisher*#, K Getz*, A Groll, AM Louw*#, R Stumpf* * Non-executive # Independent Secretary: JJ Vos Sponsor: Sasfin Capital, a division of Sasfin Bank Limited Auditor: Mazars Date published: 24 April 2020 Prepared by: The interim results have been prepared under the supervision of Mr AL Winkler, Chief Financial Officer CA (SA). Contact details: Tel: 021 421 5550 Website: www.trematon.co.za Date: 24-04-2020 12:03:00 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.