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 23 December 2024 wherein it was reported that the Company's earnings per share ("EPS") and headline earnings per share ("HEPS") were expected to be at least 40% (320 cents) lower for the year ended 31 December 2024 when compared to the EPS and HEPS of 799 cents and 798 cents respectively for the year ended 31 December 2023. Shareholders are advised that the Company's EPS for the year ended 31 December 2024 is expected to be between 450 cents and 475 cents (decrease of between 44% and 41% compared to 799 cents for the year ended 31 December 2023). HEPS is expected to be between 450 cents and 475 cents (decrease of between 44% and 40% compared to 798 cents for the year ended 31 December 2023). The expected decrease in earnings is mainly due to weaker market conditions. The financial information on which this trading statement is based has not been audited and reported on by the Company's external auditors. The audited financial results for the year ended 31 December 2024 are expected to be announced on SENS on 28 March 2025. Richards Bay 26 March 2025 Sponsor: INVESTEC BANK LIMITED Date: 26-03-2025 01:30:00 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.