PREMIER GROUP LIMITED - Trading Statement for the financial year ending 31 March 2026 and General Share Repurchase Update

Trading Statement for the financial year ending 31 March 2026 and General Share Repurchase Update

PREMIER GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/016008/06)
ISIN: ZAE000320321
Share Code: PMR
('Premier' or 'the Group')

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDING 31 MARCH 2026 AND GENERAL SHARE REPURCHASE UPDATE

TRADING STATEMENT

Premier will be releasing its results for the financial year ending 31 March 2026 ('FY2026') on the Stock Exchange News
Service ("SENS") on or about 17 June 2026. Furthermore, Premier representatives will be attending the Bank of America 27th
Annual South Africa Conference 2026 and the Avior Capital Markets 2026 Corporate Summit, to be held on 23 and 24 March
2026, where meetings will be held with numerous investors.

In accordance with paragraph 6.26 of the JSE Listings Requirements, a company is required to publish a trading statement as
soon as it is satisfied that a reasonable degree of certainty exists that its financial results for the period to be reported on next
will differ by at least 20% from the financial results reported on in the prior comparative period.

Premier accordingly advises shareholders that it expects its financial results for FY2026 to differ by 20% or more compared to
the results for the year ended 31 March 2025. Accordingly, shareholders are advised of the following expected ranges:

                                                     Reported FY2025        Expected Range FY2026        Expected Increase
                                                             (cents)                      (cents)                      (%)

 Earnings per share ('EPS')                                      936                1 123 – 1 217                  20 - 30


 Headline earnings per share ('HEPS')                            943                1 131 – 1 226                  20 - 30


Premier expects to achieve revenue growth of mid-single digits for FY2026, notwithstanding deflation in global grain prices.
Recent crop estimates and global stock levels indicate ample grain availability, which is expected to result in continued
subdued pricing in the near term.

Volume growth has translated into a meaningful uplift in operational earnings, supported by improved efficiencies and
consistent operational execution. Sustained capital investment across the Group's diverse asset base, with a focus on
manufacturing excellence, people development and supply chain optimisation, has contributed to the delivery of continued
tangible growth.

The commissioning of the Aeroton mega-bakery represents a key milestone and is expected to further enhance operational
efficiencies, drive economies of scale and improve the quality of Premier's bread in the inland region.

As announced on SENS on 12 March 2026 by way of a finalisation announcement, Premier and RFG Holdings Limited ("RFG")
are proceeding with the implementation of the scheme of arrangement ("RFG Transaction"), which is expected to be
completed by 30 March 2026. The expected financial performance for FY2026 excludes the impact of accounting for the
acquisition of RFG pursuant to the RFG Transaction and, accordingly, this trading statement reflects Premier's standalone
performance for FY2026.

A further trading statement will be released, if necessary, once the financial effects of the accounting for the RFG Transaction
have been determined.

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

GENERAL SHARE REPURCHASE UPDATE

On 11 November 2025, Premier advised shareholders of its intention to implement a general share repurchase programme
pursuant to the general authority granted by shareholders. The programme was undertaken to optimise the Group's capital
structure ahead of the implementation of the RFG Transaction.

During March 2026, and with the consent of RFG as required under the transaction agreements in respect of the RFG
Transaction, Premier repurchased 1,811,992 shares (representing approximately 1.4% of the issued share capital) for an
aggregate consideration of circa R323 million. Application will be made to the JSE for the delisting of these shares in due
course.


Johannesburg
20 March 2026

Sponsor
Investec Bank Limited

Date: 20-03-2026 10:00:00
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