BELL EQUIPMENT LIMITED - Updated Trading Statement for the six months ended 30 June 2026

Updated Trading Statement for the six months ended 30 June 2026  

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2026

Further to the trading statement released on 26 June 2026,
shareholders are advised that the Company expects to report
earnings and headline earnings of between 60 cents and 75 cents
per share (between 150 cents or 67% and 188 cents or 76% lower)
for the six months ended 30 June 2026 compared with the earnings
and headline earnings per share of 225 cents and 248 cents
respectively for the six months ended 30 June 2025.

The expected decrease in earnings is mainly due to a slowdown in
demand in certain key markets, price realisation pressure due to
heightened competition globally and the impact of USA tariffs on
profit margins in the USA market.

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

The results for the six months ended 30 June 2026 are expected to
be announced on SENS on or about 4 September 2026.

Richards Bay
31 August 2026
Sponsor: INVESTEC BANK LIMITED

Date: 31/08/2026 09:55:00
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