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 various media articles published on 15, 19 and 20 January 2021. The Company wishes to clarify the following: 1. The previous SENS announcement made by the Company on 6 November 2020 remains applicable; specifically that the Company had been informed that a formal binding agreement for the acquisition by I A Bell of John Deere’s shareholding in the Company had been concluded subject to certain conditions precedent. 2. The Company has not received any formal notification of the fulfilment of the conditions precedent. 3. Shareholders will be informed if and when the conditions precedent are fulfilled. 4. If the Company receives formal notification of an offer regarding the acquisition of the minorities shareholding in Bell Equipment, it shall comply fully with the Takeover Regulation Panel requirements and the JSE Listings Requirements. Richards Bay 20 January 2021 Sponsor: INVESTEC BANK LIMITED 2857/02/2012 Date: 20-01-2021 03:55:00 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.