Summarised Consolidated Financial Statements for the year ended 31 December 2020 TRENCOR LIMITED (Incorporated in the Republic of South Africa) (Registration No 1955/002869/06) Share Code: TRE ISIN: ZAE000007506 (“Trencor” or “the Company”) SUMMARISED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 This short form announcement is the responsibility of the directors and represents a summary of the information contained in the full announcement, which is available on the Company’s website https://www.trencor.net/financial-reports/2020-reports/ and https://senspdf.jse.co.za/documents/2021/JSE/ISSE/TRE/YEres20.pdf The Company’s independent auditors have issued an unmodified audit opinion. The annual financial statements including the audit opinion and the basis for its unmodified opinion, is available on the company’s website on https://www.trencor.net/financial-reports/2020-reports/ Any investment decisions by shareholders and other investors should be based on consideration of the full announcement. The full announcement is also available from the registered office of the Company and at the offices of the sponsor, at no charge, during normal business hours. FINANCIAL SUMMARY 2020 2019 Operating loss before net finance expenses* Rm (43) (211) Loss before tax* Rm (20) (274) Basic loss* Rm (38) (456) Headline loss Rm (38) (24) Basic loss per share Cents (22) (263) Headline loss per share Cents (22) (14) Assets in specie dividend per share Cents 249 2 073 Cash dividends per share Cents 160 185 Consolidated net asset value per share Cents 658 1 225 *Amounts include discontinued operation. DIVIDEND The board has not declared a final cash dividend in respect of 2020. On behalf of the board Hennie van der Merwe Chief Executive Officer 31 March 2021 Directors: David Nurek (Chairman), Eddy Oblowitz, Ric Sieni* (Financial), Roddy Sparks, Hennie van der Merwe* (CEO) (* Executive) Secretaries: Trencor Services Proprietary Limited Registered Office: 13th Floor, The Towers South, Heerengracht, Cape Town 8001 Transfer Secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank 2196 (Private Bag X9000, Saxonwold 2132) Sponsor: Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton 2196 Date: 31-03-2021 02:00:00 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.