Provisional Summarised Consolidated Financial Results for the year ended 30 June 2020 ELB Group Limited (“ELB” or “the Company”) Incorporated in the Republic of South Africa Registration number: 1930/002553/06 Share code: ELR ISIN: ZAE000035101 PROVISIONAL SUMMARISED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2020 Key financials • Overall reduction in trading levels across the Group • Revenue decreased to R1 764.9 million (2019: R2 206.4 million) • Loss before tax deteriorated to R173.3 million (2019: Profit before tax of R40.9 million) • Loss per share deteriorated to 839.0 cents (2019: 114.3 cents) • Headline loss per share deteriorated to 1 423.2 cents (2019: 167.3 cents) • Net asset value per share decreased to 698.8 cents (2019:1 756.9 cents) • Effective 6 April 2020, ELB Engineering Services Proprietary Limited was placed under business rescue • No dividend was declared (2019: Nil) The results for the year ended 30 June 2020 were negatively impacted by the depressed trading environment across all markets in which the Group operates, the COVID-19 pandemic and the implications of ELB Engineering Services Proprietary Limited entering business rescue. Audit conclusion The Company’s auditors, BDO South Africa Inc., conducted an audit of the underlying annual financial statements for the year ended 30 June 2020 in accordance with International Standards of Auditing and issued an unmodified audit opinion, with a material uncertainty paragraph related to going concern. The material uncertainty relates to the fact that ELB Group Limited signed surety over guarantees for the unconditional completion of the projects in ELB Engineering Services Proprietary Limited. ELB Engineering Services Proprietary Limited has been placed under business rescue. In the event that these guarantees are called upon, the Group’s going concern status may be compromised. The audit opinion also includes the requisite disclosure on key audit matters pursuant to the International Standards of Auditing. The full audit report and annual financial statements are available on the Company’s website https://www.elb.co.za/investor-relations- 2/. Directors responsibility This short-form announcement is the responsibility of the ELB board of directors and is a summarised version of the Group’s full announcement and as such it does not contain full or complete details pertaining to the Group’s results. Any investment decisions by investors and/or shareholders should be made after taking into consideration the full announcement. The full announcement is available for viewing on the Group’s website (https://www.elb.co.za/investor- relations-2/); and at https://senspdf.jse.co.za/documents/2020/jse/isse/elr/Prov2020.pdf The full announcement may be requested from the Company’s registered office by contacting +27 (0)11 306 0700 or emailing the Company Secretary at yvette@seamsec.co.za. Boksburg 27 November 2020 Sponsor Questco Corporate Advisory Proprietary Limited Date: 27-11-2020 03:19:00 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.