Trading Statement for the year ended 28 February 2022

Trading Statement for the year ended 28 February 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 YEAR ENDED 28 FEBRUARY 2022

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 prior reporting period.

Shareholders are hereby advised that a reasonable degree of certainty exists that for the twelve
months ended 28 February 2022, the Company will report headline earnings per share for Continued
Operations of a range between 49 cents and 55 cents, which is an increase of a range between 58%
and 78% when compared to headline earnings per share of 31 cents in the prior reporting period for
Continued Operations.

As a result of the Covid-19 pandemic and the hybrid way of working, the right-of-use asset associated
with the Altron Campus has been impaired during the financial year. Consequently, the impairments
on certain intangible assets have negatively impacted earnings, and the Company will report basic
earnings per share for Continued Operations of a range between 18 cents and 22 cents, reflecting a
reduction of between 23% and 3% as compared to basic earnings per share of 23 cents for the prior
comparative reporting period.

The Group’s 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”) in the prior year’s results, which was a
material component of Altron Group before it was disposed on 17 December 2020. The Company will
report headline earnings per share between 32 cents and 42 cents, which is a reduction of between
77% and 69% compared to the 136 cents comparative for the prior year. Basic earnings per share is
expected to be a loss between (33) cents and (26) cents which is a reduction of between 101% and
100,8% compared to headline earnings of 3270 cents for the prior comparative period.

Continuing Operations:

28 February 28 February 28 February % Improvement / % Improvement /
2022 2022 2021 (Decline) (Decline)

Lower End Upper End Lower End Upper End
EPS 18 22 23 (23%) (3%)
HEPS 49 55 31 58% 78%

Altron Group:

28 February 28 February 28 February % Improvement / % Improvement /
2022 2022 2021 (Decline) (Decline)

Lower End Upper End Lower End Upper End
EPS (33) (26) 3270 (101%) (100,8%)
HEPS 32 42 136 (77%) (69%)

NORMALISED PRO FORMA COMPARATIVE

The Company has excluded Bytes UK’s results from the year ended 28 February 2022 and the Board
have reclassified Altron Arrow from Discontinued Operations to Continuing Operations and Altron
Rest of Africa (“AROA”) from Continuing Operations to Discontinued Operations in line with the
criteria of IFRS 5. Accordingly, the Company will report the following basic earnings per share and
headline earnings per share against the normalised comparative:

Continuing Operations (comparatives normalised for Bytes UK, Altron Arrow and AROA):

28 February 28 February 28 February % Improvement / % Improvement /
2022 2022 2021 (Decline) (Decline)

Lower End Upper End Normalised Lower End Upper End
EPS 18 22 29 (38%) (24%)
HEPS 49 55 37 32% 49%

Altron Group (comparatives normalised for Bytes UK, Altron Arrow and AROA:

28 February 28 February 28 February % Improvement / % Improvement /
2022 2022 2021 (Decline) (Decline)

Lower End Upper End Normalised Lower End Upper End
EPS (33) (26) (28) (18%) 7%
HEPS 32 42 25 28% 68%

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 Company’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 16 May 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
05 May 2022
Sponsor: Investec Bank Limited

Date: 05-05-2022 08:45:00
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