REMGRO LIMITED - Trading statement for the six months ended 31 December 2021

Trading statement for the six months ended 31 December 2021

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
JSE and A2X Share code: REM
(“Remgro” or “the Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2021

Paragraph 3.4 (b) of the Listings Requirements of the JSE Limited (“JSE”) requires companies to
publish a trading statement as soon as they become reasonably certain that their financial results for
the period to be reported upon next will differ by at least 20% from those of the previous
corresponding period. Remgro’s results for the six months ended 31 December 2021 (“current
period”) are due to be released on the Stock Exchange News Service (“SENS”) on or about
24 March 2022.

Shareholders are advised that Remgro’s headline earnings per share (“HEPS”) for the current period
is expected to be between 580.0 cents and 605.0 cents compared to the HEPS of 247.4 cents reported
for the six months ended 31 December 2020 (“the comparative period”) (an expected increase of
between 134.4% and 144.5%).

The headline earnings for the comparative period were significantly impacted by the Covid-19
pandemic and the resultant lockdown measures. From this low base, the increase in headline earnings
for the current period is mainly due to the recovery of the earnings of most of Remgro’s underlying
investee companies.

The financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s external auditors.

Stellenbosch
14 March 2022

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14-03-2022 08:30:00
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