Further Trading Statement BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL ("the Company") FURTHER TRADING STATEMENT Shareholders are referred to the trading statement released on SENS on 11 October 2024 wherein it was reported that the Company expected to report a reduction in earnings per share ("EPS") and headline earnings per share ("HEPS") of at least 25% (200 cents) for the year ending 31 December 2024 compared to the year ended 31 December 2023. Shareholders are now advised that the Company's EPS and HEPS are expected to be at least 40% (320 cents) lower for the year ending 31 December 2024 when compared to the EPS and HEPS of 799 cents and 798 cents respectively for the year ended 31 December 2023. A further trading statement for the year ending 31 December 2024 will be released on SENS once the Company has more certainty regarding the extent of the expected decrease in its results for the year ending 31 December 2024. The expected reduction in earnings is due to weaker market conditions. The financial information on which this trading statement is based has not been reviewed and reported on by the Company's external auditors. The results for the year ending 31 December 2024 are expected to be announced on SENS on or about 28 March 2025. Richards Bay 23 December 2024 Sponsor: INVESTEC BANK LIMITED Date: 23-12-2024 08:20:00 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.