Unaudited interim results for the six months ended 31 March 2021 Astral Foods Limited Incorporated in the Republic of South Africa Registration number: 1978/003194/06 Share code: ARL ISIN: ZAE000029757 Unaudited interim results for the six months ended 31 March 2021 Revenue increase 7% Operating profit decrease 37% Earnings per share decrease 38% Headline earnings per share decrease 37% Interim dividend 300 cents per share FINANCIAL RESULTS Unaudited Unaudited Audited six months six months 12 months ended ended ended 31 March 31 March 30 September 2021 % 2020 2020 R'000 change R'000 R'000 Revenue 7 544 104 7 7 068 602 14 104 281 Profit before interest and tax (operating profit) 344 686 (37) 545 818 838 112 Profit for the period 229 629 (38) 371 135 561 234 Total assets 7 462 078 - 7 431 091 7 331 046 Total equity 4 014 111 1 3 968 067 4 122 320 Total liabilities 3 447 967 (0) 3 463 024 3 208 726 Earnings per share R5.92 (38) R9.51 R14.35 Headline earnings per share R5.97 (37) R9.51 R14.41 Dividends per share - declared out of earnings for the period - Interim dividend R3.00 nil nil - Final dividend R7.75 - Total dividend R7.75 REGULATORY REQUIREMENTS The information in this announcement has been extracted from the full announcement of the unaudited interim results. The contents of this short-form announcement are the responsibility of the board of directors of Astral. The information in the short-form announcement is a summary of the full announcement available on the Company's website at the following link: https://www.astralfoods.com/assets/Documents/Index/Interim-results-ended-31-March-2021.pdf, and accordingly does not contain full or complete details. The full announcement can also be accessed online at the following link: https://senspdf.jse.co.za/documents/2021/JSE/ISSE/ARL/IE2021.pdf. Any investment decisions by shareholders/investors should be based on the full announcement as released on the JSE's website and published on the Company's website, www.astralfoods.com. The full announcement is available at the Company's registered office (for inspection, at no charge, during office hours on any business day) and at the offices of the sponsor, Nedbank Corporate and Investment Banking, a division of Nedbank Limited, from 17 May 2021 to 20 May 2021, both days inclusive. Copies of the full announcement may be requested from the registered office of the Company by e-mailing such a request to contactus@astralfoods.com. DECLARATION OF ORDINARY DIVIDEND NUMBER 39 The board has approved an interim dividend of 300 cents per ordinary share (gross) in respect of the six months ended 31 March 2021. The dividend will be subject to Dividend Tax that was introduced with effect from 1 April 2012. In accordance with paragraphs 11.17 (a) (i) to (x) and 11.17 (c) of the JSE Listings Requirements the following information is disclosed: - The dividend has been declared out of income reserves; - The local Dividend Tax is 20% (twenty per centum); - The gross local dividend is 300 cents per ordinary share for shareholders exempt from Dividend Tax; - The net local dividend is 240 cents per ordinary share for shareholders liable to pay Dividend Tax; - Astral Foods Limited has currently 42 922 235 ordinary shares in issue (which includes 4 088 577 treasury shares held by a subsidiary and 276 775 held in terms a forfeitable share scheme); and - Astral Foods Limited's income tax reference number is 9125190711. Shareholders are advised of the following dates in respect of the interim dividend: Last date to trade cum-dividend Tuesday, 8 June 2021 Shares commence trading ex-dividend Wednesday, 9 June 2021 Record date Friday, 11 June 2021 Payment of dividend Monday, 14 June 2021 Share certificates may not be dematerialised or rematerialised between Wednesday, 9 June 2021 and Friday, 11 June 2021, both days inclusive. On behalf of the board T Eloff Chairman CE Schutte Chief Executive Officer Pretoria 17 May 2021 Sponsor Nedbank Corporate and Investing Banking, a division of Nedbank Limited. Date: 17-05-2021 07:05:00 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.