BOWLER METCALF LIMITED - Trading Statement

Trading Statement

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF ISIN number: ZAE000030797
("the Company" or "the Group")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as a reasonable degree of certainty exists that the
financial results for the next reporting period to be reported on will differ by at least 20% from those
of the previous corresponding period.

Shareholders are advised that the Company's financial results for the year ended 30 June 2024 are
expected to show a reportable improvement compared to the corresponding period.

The improved financial results are largely attributable to the strong midterm trading period yielding
good volume increases in the Packaging segment. From an operational perspective, this segment
achieved higher capacity utilisation and these increases have enabled better economies of scale
in both the factory and distribution areas of the business. The good performance helped to offset
costs associated with planned maintenance activities in the Property segment.

Accordingly, the Company's earnings per share for the year ended 30 June 2024 is expected to be
between 146.4 cents and 166.2 cents, being between 47.9% and 67.8% higher compared to the
earnings per share of 99.00 cents for the year ended 30 June 2023.

Similarly, the Company's headline earnings per share for the year ended 30 June 2024 is expected
to be between 146.8 cents and 167.3 cents, being between 42.5% and 62.5% higher compared to
the headline earnings per share of 102.96 cents for the year ended 30 June 2023.

The information on which this announcement has been based has not been reviewed or reported
on by the Group's auditors.

The financial results for the year ended 30 June 2024 are expected to be released on 10 September
2024.

Cape Town
26 July 2024

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 26-07-2024 03:29:00
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