Trading statement for the period ended 31 March 2026

NAMPAK LIMITED
Registration number 1968/008070/06
Incorporated in the Republic of South Africa
Share Code: NPK          ISIN: ZAE000322095
Share Code: NPP1         ISIN: ZAE000004966
Share Code: NPKP         ISIN: ZAE000004958
LEI: 3789003820EC27C76729
("Nampak" or "the group" or "the company")

TRADING STATEMENT FOR THE PERIOD ENDED 31 MARCH 2026

Nampak is in the process of finalising its unaudited interim results for the period ended 31 March 2026 ("the
period" or "1H26"). In terms of the JSE Listings Requirements, shareholders are advised that Nampak is
satisfied that a reasonable degree of certainty exists that the interim results for the period to be reported
upon will differ by at least 20% from 31 March 2025 ("the prior period" or "1H25").

Continuing Operations

Normalised headline earnings per share for the group ("Normalised HEPS"), adjusting for the per share
post-tax effects of defined capital and other items, is expected to be between 3 900.0 cents and 4 300.0
cents compared to 3 816.6 cents in 1H25, an increase of between 2% and 13%.

The change in headline earnings per share ("HEPS") and earnings per share ("EPS") for the group for the
period are expected to be as follows:
- HEPS of between 3 100.0 cents and 3 600.0 cents compared to HEPS of 5 683.5 cents in 1H25, a
  decrease of between 37% and 45%; and
- EPS of between 5 800.0 cents and 6 600.0 cents compared to EPS of 6 064.4 cents in 1H25, a
  movement of between (4%) and 9%.

Normalised HEPS has been impacted by a decline in the contribution of Diversified, partially offset by a
R92 million (post-tax) reduction in finance costs.

Post-tax items affecting HEPS but excluded from Normalised HEPS include:
- in the prior period, a pension fund surplus of R47 million and an R82 million interim settlement of an
  outstanding Covid-19 insurance claim received;
- in the period, Angolan production can-line relocation costs of R68 million.

Not included in HEPS but affecting EPS is an impairment loss reversal of R239 million (post tax) related to
the improved performance and outlook of Beverage Angola.

Total Operations

The change in HEPS and EPS for the group for the period are expected to be as follows:
- HEPS of between 3 200.0 cents and 3 700.0 cents compared to HEPS of 6 692.2 cents in 1H25, a
  decrease of between 45% and 52%; and
- EPS of between 5 100.0 cents and 5 900.0 cents compared to EPS of 35 842.2 cents in 1H25, decrease
  of between 84% and 86%.

The decline in EPS is mainly due to an impairment loss of R70 million (post tax and non-controlling interest)
related to Nampak Zimbabwe Limited in the period and the non-recurrence of a profit on disposal of
businesses of R2.5 billion in 1H25, which primarily consisted of the recycling of a foreign currency
translation reserve of R2.4 billion.

The information contained in this trading statement has not been reviewed or reported on by the company's
external auditors. Nampak expects to release its unaudited interim results for the period ended 31 March
2026 on or about Friday, 29 May 2026.

Bryanston
21 May 2026
Sponsor: PSG Capital

Date: 21-05-2026 05:05:00
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