Trading Statement Mahube Infrastructure Limited (Incorporated in the Republic of South Africa) (Registration number: 2015/115237/06) ISIN: ZAE000290763 JSE code: MHB ("Mahube" or the "Company") TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited Listings Requirements, Mahube's shareholders are hereby advised that the Company and its directors have reasonable certainty that earnings per share and headline earnings per share for the six month period ended 31 August 2024 are expected to be between 64.20 cents and 70.96 cents, being an increase of between 34.48 % and 48.52%, compared to earnings per share and headline earnings per share of 47.77 cents reported for the previous comparable period, being the six month period ended 31 August 2023. The expected increase in earnings is primarily attributable to a favourable change in fair value of the financial assets mainly from more favourable macro-economic indicators. The financial information in this trading statement has not been reviewed and reported on by the auditors of the Company. Mahube's financial results for the six-month period ended 31 August 2024 will be published on or about 29 November 2024. 21 November 2024 JSE Sponsor to Mahube Questco Corporate Advisory Proprietary Limited Date: 21-11-2024 04:00:00 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.