Trading statement Stefanutti Stocks Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/003767/06) Share code: SSK ISIN: ZAE000123766 (“Stefanutti Stocks” or “the group”) TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, the board of directors of Stefanutti Stocks hereby provides shareholders with a trading update of the group’s results for the six months ended 31 August 2020. In line with the Restructuring Plan, the group has initiated a disposal program to sell certain operations which have accordingly been classified as discontinued operations. These disposals are expected to be concluded within the next 12 months. Consequently, the results for the comparative six months ended 31 August 2019 will be restated to reflect continuing and discontinued operations in accordance with International Financial Reporting Standards. As a result of this reclassification, earning per share (EPS) and headline earnings per share (HEPS) in respect of continuing operations are expected to be a loss of between 70,00 cents and 120,00 cents per share respectively. The corresponding 2019 reporting period will reflect restated EPS and HEPS to be a loss of 543,69 cents and 528,32 cents respectively. Total earnings per share (total EPS) and total headline earnings per share (total HEPS) (comprising both continuing and discontinued operations) are expected to be a loss of between 120,00 cents and 170,00 cents per share respectively. The corresponding 2019 reporting period reflected total EPS and total HEPS to be a loss of 622,35 cents and 607,72 cents respectively. The financial information on which this trading statement is based has not been reviewed or reported on by the group’s auditors. The financial results for the six months ended 31 August 2020 are anticipated to be published on 26 November 2020. Johannesburg 12 November 2020 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 12-11-2020 12:59:00 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.