Updated trading statement for the six months period ended 31 August 2024 INSIMBI INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 ("Insimbi" or "the Company") UPDATED TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 31 AUGUST 2024 On 30 September 2024, the Company published an updated trading statement in which it advised shareholders that a reasonable degree of certainty existed that earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to decrease by at least 20%, or 3.08 cents and 3.09 cents, respectively, compared to the previous corresponding period. Insimbi is currently in the process of finalising its results for the six months ended 31 August 2024, which will be announced on the Stock Exchange News Service ("SENS") of the JSE Limited ("JSE") on or about 18 October 2024. In terms of the JSE Listings Requirements, the Company hereby confirms that a reasonable degree of certainty now exists that for the six months ended 31 August 2024 ("Current Period") that: – EPS is expected to be a loss of between 2.5 and 2.7 cents per share compared to EPS of 15.38 cents reported for the six months ended 31 August 2023 ("Prior Period"), representing a decrease of more than 100%; and – HEPS is expected to be a loss of between 1.1 and 1.3 cents per share compared to HEPS of 15.46 cents reported for the Prior Period, representing a decrease of more than 100%. The decrease in EPS and HEPS for the Current Period is primarily due to: – Low economic activity in South Africa, resulting in lower volumes of commodities traded; – Volatile commodity prices and exchange rates, resulting in lower revenues, inconsistent margins and foreign exchange losses amounting to R6.6 million; – Costs and losses associated with the specific repurchase and disposal of assets transaction as reported on in the circular published on 11 July 2024, amounting to R10.4 million, which are non-recurring; – Other non-recurring costs such as retrenchment costs and legal fees amounting to R8.6 million; and – Higher-for-longer interest rates and high inflation. The financial information on which this trading statement is based has not been reviewed, or reported on, by the Company's external auditors. Johannesburg 08 October 2024 Sponsor PSG Capital Date: 08-10-2024 12:29:00 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.