Trading Statement for the six months ended 31 August 2022

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 SIX MONTHS ENDED 31 AUGUST 2022

Shareholders are hereby advised that a reasonable degree of certainty exists that for the six
months ended 31 August 2022, Altron will report basic earnings per share for the Continuing
Operations within a range of 36 cents and 38 cents, being an increase of between 300% and 322%
when compared to basic earnings per share of 9 cents in the prior comparative period.

Headline earnings per share for the Continuing Operations will be reported between a range of 40
cents and 42 cents, being an increase of 264% to 282% when compared to headline earnings per
share of 11 cents in the prior comparative period for the Continued Operations.

Continuing Operations, particularly Altron Managed Solutions, Altron Karabina, Altron FinTech and
Altron Arrow, executed well despite well-documented challenges within our economy and markets.
The performance of Lawtrust, acquired in October 2021, has positively contributed to the
performance of the Continuing Operation for the first six months of the current year.

From February 2022, the Board reclassified Altron Arrow, which was previously reported in
Discontinued Operations, to Continuing Operations, as the criteria of IFRS 5 were no longer met,
which also contributes positively to the current year’s performance.

The Altron Group will report basic earnings per share between 23 cents and 25 cents, which is an
increase of between 330% and 350% compared to the loss per share of (10) cents for the
comparative period. Headline earnings per share is expected to be between 33 cents and 35 cents,
which is an increase of between 450% and 483% compared to headline earnings of 6 cents for the
prior comparative period.

Continuing Operations:

31 August 31 August 31 August % Improvement % Improvement
2022 2022 2021

Lower End Upper End Lower End Upper End
EPS 36 38 9 300% 322%
HEPS 40 42 11 264% 282%

Altron Group:

31 August 31 August 31 August % Improvement % Improvement
2022 2022 2021

Lower End Upper End Lower End Upper End
EPS 23 25 (10) 330% 350%
HEPS 33 35 6 450% 483%

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 24 October 2022.

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
10 October 2022

Sponsor: Investec Bank Limited

Date: 10-10-2022 04:55:00
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