Summarised Consolidated Financial Results for the year ended 31 December 2020 Arden Capital Limited (Registration number: 115883 C1/GBL) Share Code: ACZ ISIN: MU0548S00026 (“Arden Capital” or the “Company”) SUMMARISED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020, DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF THE ANNUAL GENERAL MEETING The board of directors of Arden Capital (the “Board”) presents the summarised consolidated financial results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2020 (“Full Year Results”). Financial Highlights of the Group The Full Year Results when compared to the twelve months ended 31 December 2019 (“ Comparative Period”), are set out below: - revenue decreased by 56% to US$25.4 million compared to US$58.1 million for the Comparative Period; - the loss per share decreased by 24.22 to 8.56 cents per share compared to restated earnings per share of 15.66 cents per share for the Comparative Period; and - headline loss per share decreased by 15.80 to 8.83 cents per share compared to the restated headline earnings per share of 6.97 cents for the Comparative Period. No dividends were declared or paid during the period under review or during the Comparative Period. The Company’s reporting currency is United States Dollars. Qualified Audit Opinion The Company’s auditors, Deloitte & Touche, have issued a qualified audit opinion on the consolidated financial statements as a result of non-compliance with International Accounting Standard (“IAS”) 21 – The Effects of Changes in Foreign Exchange Rates and International Financial Reporting Standard (“IFRS”) 13 – Fair Value Measurement. The independent auditor's report includes a section of key audit matters. The Company’s 2020 Annual Report will be distributed to shareholders today and a copy thereof, together with a copy of the audit report are available for inspection as follows: a) on the company’s website http://www.arden-capital.com/investor-relations/financial-results- reports, and b) at the Company’s registered office. Notice of Annual General Meeting Notice is hereby given that the Annual General Meeting of the Company (“AGM”) will be held at the Company’s head office, main boardroom, Suite 1, Perrieri Office Suites C2-302, Level 3 Office Block C, La Croisette, Grand Baie, 30517, Republic of Mauritius, on Friday, 11 June 2021 at 15:00 (GMT +4). The Board has determined that the following dates in respect of the AGM: Record date that a shareholder must be recorded as a Friday, 23 April 2021 shareholder in the Company’s register of shareholders in order to receive notice of the AGM Last day to trade in order to be eligible to participate and vote at Tuesday, 1 June 2021 the AGM Record Date in order to participate and vote at the AGM Friday, 4 June 2021 Short form announcement This short form announcement is the responsibility of the Board and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based as a whole on consideration of the audited consolidated financial results for the year ended 31 December 2020 (“Full Announcement”) which may be downloaded from SENS on https://senspdf.jse.co.za/documents/2021/jse/isse/acze/Dec20FY.pdf or the Company’s website at http://www.arden-capital.com/investor-relations/financial-results-reports. The full announcement is also available for inspection at the registered office of Arden Capital and the offices of the Sponsor, at no charge, weekdays during office hours 08:00 to 16:30. A copy of the Full Announcement may be requested from the Company by contacting investorrelations@arden-capital.com. Grand Baie, Mauritius 30 April 2021 Sponsor Questco Corporate Advisory Proprietary Limited Date: 30-04-2021 03:41:00 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.