INSIMBI INDUSTRIAL HOLDINGS LIMITED - Updated Trading Statement for the Twelve Months Ending 28 February 2022

Updated Trading Statement for the Twelve Months Ending 28 February 2022

INSIMIBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB & ISIN: ZAE000116828
(“Insimbi” or “the Group”)

UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDING 28 FEBRUARY
2022

On 29 March 2022, the Group published a further trading statement in which it advised
shareholders that a reasonable degree of certainty existed that earnings per share (“EPS”)
was expected to increase by between 120% and 140%, and headline earnings per share
(“HEPS”) was expected to increase by between 140% and 160%, respectively, compared to
the previous corresponding period.

Insimbi is currently in the process of finalising its results for the twelve months ending
28 February 2022, which will be announced on the Stock Exchange News Service (“SENS”)
of the JSE Limited (“JSE”) on or about 31 May 2022. In terms of the JSE Listings
Requirements, the Group hereby confirms that a reasonable degree of certainty now exists
that for the year ended 28 February 2022:

–   EPS is expected to increase to between 24.8 cents and 27.0 cents compared to earnings
    per share of 10.6 cents reported for the year ended 28 February 2021, representing an
    increase of between 134% and 154%; and

–   HEPS is expected to increase to between 23.5 cents and 25.6 cents compared to headline
    earnings per share of 10.4 cents reported for the year ended 28 February 2021,
    representing an increase of between 127% and 147%.

The changes to the ranges announced on 29 March 2022, are due to audit adjustments
processed in finalising the results.

The financial information on which this trading statement is based has not been reviewed, or
reported on, by the Group’s external auditors.

Johannesburg
17 May 2022

Sponsor
PSG Capital

Date: 17-05-2022 03:15:00
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