Summary of Audited Group Financial Results & Dividend Declaration for the Year Ended 30 June 2020 BOWLER METCALF LIMITED (Registration number 1972/005921/06) Share code: BCF ISIN number: ZAE000030797 SUMMARY OF AUDITED GROUP FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE YEAR ENDED 30 JUNE 2020 % 2020 Change 2019 Net asset value – R’mil 681.0 + 0 679.1 Earnings – R’mil Continuing operations Revenue 558.7 + 3 542.1 Profit from operations 89.9 + 41 63.6 Net profit before tax 115.1 + 15 100.0 Net profit after tax 82.4 + 15 71.9 Discontinued operations Profit on disposal of associate - - 100 180.1 Net profit before tax - - 100 180.1 Net profit after tax - - 100 140.1 Attributable to parent – total Net profit before tax 115.2 - 59 280.1 Total comprehensive income 82.4 - 61 211.9 Earnings – cents per share Continuing operations Earnings 111.03 + 26 88.09 Headline earnings 112.75 + 28 88.10 Discontinued operations Earnings - -100 171.32 Headline earnings - - Attributable to parent – total Earnings 111.03 - 57 259.41 Headline earnings 112.75 + 28 88.10 Dividends – cents per share Final previous year paid 25.00 + 16 21.54 Special dividend paid - - 100 305.00 Interim this year paid 17.00 + 13 15.00 Final this year proposed 29.50 + 18 25.00 A final gross cash dividend, as defined by the Income Tax Act, of 29.50 cents per share(“cps”) (23.60 cents per share net) for the year ended 30 June 2020 (2019: 25.00 cps) has been declared and is payable to shareholders on Monday, 26 October 2020. The last day to trade will be Tuesday, 20 October 2020, the ex date is Wednesday, 21 October 2020 and the record date will be Friday, 23 October 2020. Share certificates may not be dematerialised or re-materialised between Wednesday, 20 October 2020 and Friday, 23 November 2020, both days inclusive. The short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does not contain full or complete details. Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement published on SENS and the Company’s website as a whole. The full announcement can be found on the Company’s website at www.bowlermetcalf.co.za and also at the following link: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/BCF/BCFAR2020.pdf Mazars, the group’s independent auditors, has audited the consolidated annual financial statements of the Group for the year end 30 June 2020, and has expressed an unqualified audit opinion thereon. A key audit matter was raised on the impact COVID-19 outbreak has had on Bowler’s results. Copies of the full announcement may also be requested at the Company’s registered office and at the offices of the sponsor, at no charge, during office hours. Any investment decision should be based on the full announcement released on SENS on 8 September 2020 and published on the Company's website at www.bowlermetcalf.co.za as a whole, copies of which may be requested at the company's registered office, and the offices of the sponsors, AcaciaCap Advisors, at no charge, by phoning the Company during office hours on +27 21 704 2223. Prepared by: AC September CA(SA) 8 September 2020 Date: 08-09-2020 05:00:00 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.