Trading Statement AH-VEST LIMITED (Incorporated in the Republic of South Africa) (Registration number 1989/000100/06) (“AH-Vest” or “the company”) Share code: AHL ISIN code: ZAE000129177 TRADING STATEMENT Trading Statement In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited (“JSE”), listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by at least 20% from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. Shareholders are advised that for the six months ended 31 December 2020, the Company expects to report: earnings per share (“EPS”) and headline earnings per share (“HEPS”) of between 5.20 cents per share (“cps”) and 5.55 cps, being between 48% and 58% higher than the EPS and HEPS of 3.51 cps reported for the comparative period ended 31 December 2019. The improved results are due to improved production efficiencies, improved service levels, cost containment and a continued focus on working capital management. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s auditors. Johannesburg 22 February 2021 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 22-02-2021 12:17:00 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.