TRENCOR LIMITED - Trading Statement for the year ended 31 December 2024

Trading Statement for the year ended 31 December 2024

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
("Trencor" or "the Company")

TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Pending publication of the Company's audited results for the year ended 31 December 2024
("current period"), expected to occur on or about 24 March 2025, shareholders are advised that
based on information currently available, the Company expects:

   -   basic earnings per share for the current period to be between 320,0 and 330,0 cents
       compared to the reported basic earnings per share of 71,5 cents for the year ended
       31 December 2023 ("prior period"); and

   -   headline earnings per share for the current period to be between 25,0 and 32,0 cents
       compared to the reported headline earnings per share of 71,5 cents for the prior period.
       This represents a negative change of between 65,0% and 55,2%.

The basic earnings per share for the current period includes R515 million, or 296,8 cents per
share, relating to the recycling of the accumulated foreign currency translation reserve from
other comprehensive income to profit or loss on the liquidation of TAC Limited.

The SA rand/US dollar exchange rate at any point in time can have a material impact on basic
earnings and headline earnings per share. The after tax unrealised loss from the translation of
the US dollar deposits into SA rand for the current period was R15,1 million (2023: profit of
R83,9 million). This had a positive impact on basic and headline earnings per share in the
current period of 8,7 cents (2023: positive 48,4 cents).

The financial information on which this trading statement is based has not been reviewed nor
reported on by Trencor's independent auditors.

On behalf of the board
Ric Sieni
Chief Executive Officer and Financial Director

28 January 2025

Sponsor: Investec Bank Limited

www.trencor.net

Date: 28-01-2025 02:50:00
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