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 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 reminded that the Company published a profit forecast for the year ending 30 June 2021 on SENS on 14 August 2020, which reflected a forecast profit after tax of R6.116m or 6.0 cents per share (“cps”) before any capital raise and R10.578m post any capital raise or 7.3 cps. The Company has yet to raise capital through the markets and therefore the pre-capital raising forecast of 6.0 cents per share would apply. The Board is pleased to advise shareholders that for the year ended 30 June 2021, the Company expects to report: - earnings per share (“EPS”) of between 9.99 cps and 10.20 cps, being between 66.5% and 69.8% higher than the EPS of 6.0 cps reported for the pre-capital raising forecast and between 25.4% and 27.9% higher than the EPS of 7.97 cps reported for year ended 30 June 2020; and - headline earnings per share (“HEPS”) of between 9.99 cps and 10.19 cps, being between 66.5% and 69.8% higher than the HEPS of 6.0 cps reported for the pre-capital raising forecast and between 25.5% and 28.0% higher than the HEPS of 7.96 cps reported for the year ended 30 June 2020. The improved results are due to continued 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 29 September 2021 Designated Advisor AcaciaCap Advisors Proprietary Limited Date: 29-09-2021 05:35:00 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.