Consolidated financial results for the year ended 30 June 2020 York Timber Holdings Limited Incorporated in the Republic of South Africa Registration number: 1916/004890/06 JSE share code: YRK ISIN: ZAE000133450 (“York” or the “Company”) CONSOLIDATED FINANCIAL RESULTS for the year ended 30 June 2020 RESULTS OVERVIEW www.york.co.za • Revenue down 10% to R1 439 million • Net working capital decreased by 1% to R159 million • Debt reduced by R100 million • Cash generated from operations decreased by 57% to R96 million • Biological asset value down 8% to R2 907 million • EBITDA (Earnings before interest, tax, depreciation and amortisation) decreased by R193 million • Loss per share increased from 11 cents to 69 cents • Headline earnings per share decreased from 50 cents to a loss of 70 cents per share • Core earnings per share decreased from 8 cents to a loss of 33 cents per share • Net asset value per share decreased by 7% to 912 cents • No dividend has been declared for the year ended 30 June 2020 (2019: Rnil) ABOUT THIS SHORT-FORM ANNOUNCEMENT This short-form announcement is the responsibility of the directors of the Company and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decision by investors and/or shareholders should be based on consideration of the full announcement. The full announcement is accessible via the following JSE link https://senspdf.jse.co.za/documents/2020/jse/isse/YRK/FY2020SENS.pdf and on the Company’s website at http://www.york.co.za/downloadsYorkyearend2020.pdf. The consolidated and separate annual financial statements, from which the full results announcement has been extracted, have been audited by PricewaterhouseCoopers Incorporated, who expressed an unmodified audit opinion thereon. The key audit matters contained in the auditor’s report are addressed on pages 11 – 20 of the consolidated and separate annual financial statements, which is available on the company’s website at http://www.york.co.za/downloads/ auditedconsolidatedresults2020.pdf. Copies of the full announcement may also be requested at the Company’s registered office, at no charge, on Mondays to Fridays, during office hours. On behalf of the Board PP van Zyl GCD Stoltz Chief Executive Officer Chief Financial Officer 30 September 2020 Executive directors: Pieter van Zyl (CEO), Gerald Stoltz (CFO) Non-executive directors: Dr Jim Myers* (Chairman, USA), Dr Azar Jammine*, Shakeel Meer, Dinga Mncube*, Andries Brink*, Hetisani Mbanyele-Ntshinga*, Maxwell Nyanteh* (*independent) Registered office: York Corporate Office, 3 Main Road, Sabie, Mpumalanga Postal address: PO Box 1191, Sabie, 1260 Auditor: PricewaterhouseCoopers Inc. Company Secretary: Sue Hsieh Sponsor: One Capital Transfer secretaries: Computershare Investor Services Proprietary Limited Date: 30-09-2020 05:38:00 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.