BELL EQUIPMENT LIMITED - Trading Statement

Trading Statement

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

TRADING STATEMENT

Shareholders are advised that the Company's earnings per share
("EPS") and headline earnings per share ("HEPS") are expected to
be at least 50% (161 cents) lower for the six months ending 30
June 2025 when compared to the EPS and HEPS of 322 cents and 321
cents respectively for the six months ended 30 June 2024. A further
trading statement for the six months ending 30 June 2025 will be
released on SENS once the Company has more certainty regarding the
extent of the expected decrease in its results.

The expected decrease in earnings is mainly due to a global
slowdown in demand in key markets and a contracted USA market due
to the current USA tariff situation.

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 ending 30 June 2025 are expected to
be announced on SENS on or about 5 September 2025.

Richards Bay
2 June 2025
Sponsor: INVESTEC BANK LIMITED

Date: 02-06-2025 02:45:00
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