AH-VEST LIMITED - Trading Statement

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, 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 due to continued high levels of loadshedding, the Company's
production volumes were negatively impacted during the year under review, resulting in
significant lost sales. Standby generator capacity was installed and commissioned during April
2023 to reduce this impact going forward. In addition, the Company has continued to face
increased cost pressures caused by the higher cost of raw materials (both locally and imported)
as well as increased fuel and distribution costs, all of which are not controllable by management.

The Board would like to advise shareholders that for the year ended 30 June 2023, the Company
expects to report:

-   Headline earnings per share ("HEPS") to decline by 33.2% from 2.02 cents per share to
    1.35 cents per share reported for the year ended 30 June 2022; and
-   Earnings per share ("EPS") to decline by 29.2% from 2.02 cents per share to 1.43 cents per
    share reported for the year ended 30 June 2022.

The financial information on which this trading statement is based has not been reviewed and
reported on by the Company's auditors.

JOHANNESBURG
16 November 2023

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 16-11-2023 04:55:00
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