Trading Statement For The Half-Year Ended 31 August 2021

ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Altron Group” or “the Company”)

TRADING STATEMENT FOR THE HALF-YEAR ENDED 31 AUGUST 2021

In terms of section 3.4 (b) of the JSE Limited Listings Requirements, companies are required to publish
a trading statement as soon as they are reasonably certain that the financial results for the current
reporting period will be more than 20% different than that of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that for the six months
ended 31 August 2021 the Company will report basic earnings per share of between (16) cents and (3)
cents, being a decrease in excess of 100% as compared to basic earnings per share of 69 cents for the
prior comparative period. Reported headline earnings per share is expected to be between 0 cents
and 13 cents, a reduction of between 100% and 81%, as compared to headline earnings per share of
67 cents for the prior comparative period.

The decrease in both basic earnings per share and headline earnings per share is a direct result of the
inclusion of Bytes Technology Group Plc (“Bytes UK”) reported results in the first 6 months of the prior
year, which was a material component of Altron Group’s Continuing Operations before it was disposed
on 17 December 2021.

NORMALISED PRO FORMA COMPARATIVES

On exclusion of Bytes UK’s results from the six months ended 31 August 2020 within the Altron Group
and the Continuing Operation’s performance, the Company will report the following basic earnings
per share and headline earnings per share against the normalised comparative:

Altron Group:

31 August 31 August 31 August % Improvement % Improvement
2021 2021 2020

Lower End Upper End Normalised Lower End Upper End
EPS (16) (3) (29) 45% 90%
HEPS 0 13 (27) 100% 148%

Continuing Operations:

31 August 31 August 31 August % Improvement % Improvement
2021 2021 2020

Lower End Upper End Normalised Lower End Upper End
EPS 7 11 (10) 170% 210%
HEPS 9 13 (8) 213% 263%

The pro forma financial information contained above, which is the responsibility of the directors, has
been prepared for illustrative purposes only and may not fairly present the Group’s financial position,
changes in equity, cash flows or results of operations.

The above information has not been reviewed or reported on by the Company’s external auditors. The
Company’s results are expected to be published on 25 October 2021.

This announcement contains forward-looking statements with regard to the Altron Group and by their
nature, all forward-looking statements involve risk and uncertainty because they relate to future
events and circumstances which are beyond the Company’s control.

Johannesburg
12 October 2021
Sponsor: Investec Bank Limited

Date: 12-10-2021 08:06:00
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