Voluntary Announcement BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“the Company”) BELL EQUIPMENT LIMITED VOLUNTARY ANNOUNCEMENT Shareholders are referred to the media article published by the Business Day and released overnight, which reports rumours regarding transactions involving substantial shareholdings in the Company. Shareholders are advised that the Company has not received any offer regarding the acquisition of a shareholding in Bell Equipment. Furthermore, the Board has not been made aware of any pending transactions in respect of a takeover of the Company by any third party, or the like. Richards Bay 31 July 2020 Sponsor: INVESTEC BANK LIMITED Date: 31-07-2020 01:55:00 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.