Short Form Announcement - Audited Consolidated Results for the Year Ended 28 February 2021 SPANJAARD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1960/004393/06) Share code: SPA ISIN: ZAE000006938 (“the Company”) SHORT FORM ANNOUNCEMENT AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2021 Spanjaard Limited, a leading and proudly South African manufacturer of special lubricants and allied chemical products in the Automotive, Household, Industrial and Mining, Outdoor and Leisure, Marine, Motorcycle, Food Grade, Non-Flammable Aerosols and Food markets, released its results for the year ended 28 February 2021. This short-form announcement is the responsibility of the Directors and is only a summary of the information in the full announcement. The information contained in this announcement has been extracted from audited information, but the announcement itself has not been audited. The full announcement was released on SENS on 31 May 2021 and can be found on the Company’s website: https://www.spanjaard.biz/financials/ and also at the following link: https://senspdf.jse.co.za/documents/2021/JSE/ISSE/SPA/SPAAFS21.pdf Certain key audit matters were raised in the unmodified audit opinion issued by the auditors on the annual consolidated financial statements. The full auditors report can be viewed on the following web-link: https://www.spanjaard.biz/financials/ KEY FINANCIAL RESULTS SUMMARY Year ended Year ended 28 February 29 February Increase/ 2021 2020 (Decrease Revenue – R’000 136 755 123 731 13 024 Operating profit/(loss) – R’000 6 478 1 946 4 532 Headline earnings per share – cents per share 56.5 27.5 29.0 Earnings per share – cents per share 56.5 26.1 30.4 Net asset value per share attributable to ordinary 639.9 582.8 57.1 shareholders - cents Dividends declared per share - cents - Interim - - - - Final - - - The full announcement is available for inspection at no charge during normal business hours on business days at the registered office of the Company and the office of the Sponsor. Copies may be requested from the registered office of the Company. Any investment decisions should therefore be based on the full announcement as released on SENS and on the Company’s website. By order of the Board T Spanjaard Chief Executive Officer 31 May 2021 DIRECTORS: M Notrica (Independent Non-Executive Chairman)* T Spanjaard (Chief Executive Officer) S Vassan Makan (Financial Director) GF Cort CKT Palmer S Zikalala* HF Kocks* * Independent Non-Executive Date: 31-05-2021 11:00:00 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.