Summary of audited consolidated financial results for the year ended 30 September 2021 NAMPAK LIMITED Registration number 1968/008070/06 Incorporated in the Republic of South Africa Share Code: NPK ISIN: ZAE000071676 Share Code: NPP1 ISIN: ZAE000004966 Share Code: NPKP ISIN: ZAE000004958 LEI: 3789003820EC27C76729 (“Nampak” or “the group” or “the company”) SUMMARY OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 Highlights • Revenue up 24% to R14.0bn • Trading profit up 109% to R1.4bn • Operating profit before net impairments of R1.2 bn compared to a loss of R283m in FY20 • Cash generated from operations before working capital changes up 133% to R1.7bn • Earnings of 32.1cps compared to a loss of 537.7cps in FY20 • Headline earnings of 62.3cps compared to a loss of 87.7cps in FY20 • Covenants complied with o Net debt : EBITDA – 2.74x o EBITDA : Interest – 4.79x COMMENTARY “Nampak had a successful financial year driven by the recovery of all the South African metals operations, significant growth of the Nigerian beverage can market, new customers in Zambia and continued strong demand for our products in Zimbabwe. The group successfully restructured two divisions, consolidated operations and simplified product offerings to strengthen the group’s profitability and competitiveness going forward. Nampak successfully renegotiated key funding agreements to reduce financial risk for the coming year and secured a R1 billion non-recourse trade finance facility to further stabilise the balance sheet. The group is now in a better position to service customers using an improved cost base and will continue building trust with all stakeholders.” – Erik Smuts, Nampak CEO Overview Group results were driven by strong growth of the Metals division, as a result of a solid performance by our Bevcan operations in South Africa and Nigeria. The restructuring of DivFood in South Africa contributed significantly to the improvement in profitability. Good progress was made towards achieving our strategic goal of improving our financial position as management reduced the group’s exposure to US dollar debt and renegotiated covenants. Subsequent to year-end, a non-recourse R1 billion trade finance facility was secured, further easing covenant pressures and significantly reducing the need to dispose of any of our businesses at less than full value. The simplification of the group and optimisation of operations streamlined our operating structures and has put us in better standing to compete profitably going forward. Ongoing benefits are expected from these projects into FY22. Our manufacturing sites continued to mitigate the impact of COVID-19 with additional safety measures. Our group lost time injury frequency rate also benefitted from these supplementary measures and improved materially to 0.27, below our target of 0.35. Sadly, seven employees passed away as a result of the coronavirus. We extend our sympathies and condolences to their families. Group financial performance R million FY21 FY20 % change Revenue 13 958 11 278 24% Trading profit 1 422 682 >100% Operating profit/(loss) before net impairments 1 195 (283) Operating profit/(loss) 931 (4 303) Profit/(loss) for the year from continuing operations 377 (4 349) Profit for the year from discontinued operations - 369 (100%) Profit/(loss) for the year 377 (3 980) Cash generated from operations before working capital changes 1 680 720 >100% Cash generated from operations 1 059 1 087 (3%) Cash generated from operating activities 307 415 (26%) Earnings/(loss) per share (cents) 32.1 (537.7) Headline earnings/(loss) per share (cents) 62.3 (87.7) There were no discontinued operations in the current financial year. The group's independent auditor, Deloitte & Touche (Deloitte), conducted an audit of the consolidated annual financial statements for the group for the year ended 30 September 2021. Deloitte, have issued an unmodified audit opinion in terms of the International Standards on Auditing, with a paragraph on material uncertainty relating to going concern. The covenant conditions highlight potential events which could result in default on the group's funding agreements and this indicates that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. Notwithstanding this material uncertainty, the directors have determined that the group is a going concern based on the financial plans and forecasts, available funding facilities, actions taken by the group, the historic track record of the group to deliver on disposals, cost reduction and optimisation plans as well as the management of working capital and capital expenditure. This short form announcement is the responsibility of the directors and is only a summary of the information in the full announcement. The full long form announcement including the audit opinion of the external auditor, Deloitte, on the summarised consolidated financial statements and the basis for its unmodified opinion is available on the JSE website at https://senspdf.jse.co.za/documents/2021/JSE/isse/NPK/FY2021.pdf and on Nampak’s website www.nampak.com/Investors/Financial-Information under the 2021 financial year. Any investment decisions made by investors and/or shareholders should be based on consideration of the full announcement as a whole. The short form announcement has not been audited. Copies of the full announcement may also be requested from the Group Company Secretary, Ilse van Lochem on Ilse.vanLochem@nampak.com, alternatively collected from the company’s registered office, at no charge, during office hours. Annual results presentation webcast Nampak management will hold a webcast on Monday, 6 December 2021 at 10h00 Central Africa Time (UTC+2) to present the annual results, provide a business update and address questions from the investment community. Webcast details are available on Nampak’s website http://www.nampak.com/Investors. The annual results presentation and announcements will be uploaded on the website on the same morning. Bryanston 6 December 2021 Sponsor: UBS South Africa (Pty) Ltd Date: 06-12-2021 08:00:00 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. 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