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 referred to the Company’s previous trading statements on
SENS on 25 and 26 May 2022. The Company wishes to revise its previous
guidance and advise that a reasonable degree of certainty exists that for the
year ended 31 March 2022, it will report basic earnings (profit) per share of
between 2 444.1 cents and 2 697.1 cents, as compared to a restated basic loss
per share of 1 265.1 cents for the prior year. The Company expects headline
earnings (profit) per share of between 1 292.5 cents and 1 350.0 cents, as
compared to headline earnings (profit) per share of 287.7 cents for the prior

The above information has not been reviewed or reported on by the Company`s auditors. The Company`s provisional results are expected to be published on or about 27 May 2022.

Cape Town
27 May 2022

Investec Bank Limited