COPPER 360 LIMITED - Trading Statement - Updated

Trading Statement - Updated

COPPER 360 LIMITED
Incorporated in the Republic of South Africa
(Registration number 2021/609755/06)
Share code: CPR
ISIN: ZAE000318531
("Copper 360" or "the Company")

TRADING STATEMENT - UPDATED

In terms of section 6.26 of the JSE Listings Requirements, a company is required to publish a trading statement as soon as it
becomes reasonably certain that the financial results for the period to be reported on will differ by at least 20% or more
from those of the previous corresponding period.

In terms of section 6.31 of the JSE Listings Requirements, if, after publication of a trading statement but before publication
of the relevant results, an issuer becomes reasonably certain that its previously published trading statement is incorrect,
then the issuer must publish an updated trading statement. This updated trading statement reports an improvement in Basic
loss per share and Headline loss per share over the trading statement issued on 25 May 2026, attributable to a reduction in
the loss for the year and the finalisation of the weighted average number of shares in issue for the financial year..

The Company is therefore advising shareholders of the following updated trading statement related to its financial
performance for the financial year ended 28 February 2026. Shareholders are accordingly advised that, compared to the
previous corresponding period:

     •    Basic loss per share is expected to improve to between 18.97 cents per share and 20.97 cents per share,
          representing a reduction in the basic loss per share of approximately 58% to 54% (February 2025: basic loss per
          share of 45.65 cents per share); and
     •    Headline loss per share is expected to improve to between 18.49 cents per share and 20.44 cents per share,
          representing a reduction in the headline loss per share of approximately 45% to 40% (February 2025: headline loss
          per share of 33.82 cents per share).

The improvement is mainly due to the prior year including a non-recurring impairment of approximately R113 million on the
SX-EW plant. This was achieved despite a R33.8 million loss on the issuance of equity in the current year arising from the
rights issue.

The weighted average number of shares increased to 1 288 280 629 for the 2026 financial year (2025: 698 351 660 shares).
The actual number of issued shares was 2 950 141 706 on 28 February 2026 (2025: 698 351 660 shares).

The financial information on which this trading statement is based is the responsibility of the directors of the Company and
has not been reviewed or reported on by the Group's independent external auditor.

The Company's Reviewed Condensed Consolidated results for the year ended 28 February 2026 will be published on or about
29 May 2026.

28 May 2026
Stellenbosch
Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 28-05-2026 02:15:00
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