Updated Trading Statement for the twelve months ended 29 February 2024 INSIMBI INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2002/029821/06) Share code: ISB ISIN: ZAE000116828 ("Insimbi" or "the Company") UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 29 FEBRUARY 2024 On 9 February 2024, the Company published a trading statement in which it advised shareholders that a reasonable degree of certainty existed that earnings per share ("EPS") and headline earnings per share ("HEPS") are expected to decrease by at least 20%, respectively, compared to the previous corresponding period. Insimbi is currently in the process of finalising its results for the twelve months ended 29 February 2024, which will be announced on the Stock Exchange News Service ("SENS") of the JSE Limited ("JSE") on or about 31 May 2024. In terms of the JSE Listings Requirements, the Company hereby confirms that a reasonable degree of certainty now exists that for the year ended 29 February 2024 that: – EPS is expected to be between 11.17 cents and 13.97 cents compared to earnings per share of 27.94 cents reported for the year ended 28 February 2023, representing a decrease of between 50% and 60%; and – HEPS is expected to be between 11.02 cents and 13.78 cents compared to headline earnings per share of 27.56 cents reported for the year ended 28 February 2023, representing a decrease of between 50% and 60%. The decrease is due to a particularly challenging economic and operational environment in the second half of the financial year including port and logistical challenges, lower than expected commodity prices, high interest rates, protracted periods of load shedding and the impact of the ban on exports of recycled metals on the business. The intense focus on cost savings yielded notable benefits in offsetting the impact of these challenges. The Company remains cash generative and sufficiently capitalised, and therefore has a strong platform to take the Company forward in the new financial year. The financial information on which this trading statement is based has not been reviewed, or reported on, by the Company's external auditors. Johannesburg 17 April 2024 Sponsor PSG Capital Date: 17-04-2024 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.