Broad-Based Black Economic Empowerment Act : Compliance Report BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“the Company”) BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): COMPLIANCE REPORT In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listings Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13(G)(2) of the Act has been published and is available on the Company’s website at www.bellir.co.za. Richards Bay 26 June 2020 Sponsor: INVESTEC BANK LIMITED Date: 26-06-2020 10:53:00 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.