Trading statement and trading update, including notification of the unbundling of certain assets  

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
(“York” or the “Company”)

TRADING STATEMENT AND TRADING UPDATE, INCLUDING NOTIFICATION
OF THE UNBUNDLING OF CERTAIN ASSETS

Unbundling of Certain Assets

York shareholders (“Shareholders”) are advised that the board
of directors of York (“Board”) has resolved to proceed with
various options to restructure and optimise the York group.
As part of this process, the Board has resolved to proceed
with the separation of certain assets, comprising the
business operations conducted through Stadsrivier Vallei
Proprietary Limited (“Stadsrivier”) and Mbulwa Estate
Proprietary Limited (“Mbulwa”).

In this regard, the Board has approved, inter alia, the
unbundling of Stadsrivier and Mbulwa to Shareholders, subject
to the finalisation of the proposed structure and the
satisfaction of all applicable legal, regulatory and
corporate requirements.

Shareholders are further advised that the circumstances
relating to the separation of Stadsrivier and Mbulwa have
been   considered   in    assessing   the   requirements    of
International Financial Reporting Standards (“IFRS”) 5 – Non-
current Assets Held for Sale and Discontinued Operations.
Accordingly, the assets comprising Stadsrivier and Mbulwa
have been classified as “assets held for sale” and the related
operations as “discontinued operations” for purposes of the
annual financial statements of the Company for the year ended
30 June 2026.

The Company will provide further updates to Shareholders as
and when appropriate and in accordance with its obligations
under the JSE Listings Requirements and any other applicable
laws and regulations.
Trading Statement and Trading Update

York is in the process of finalising its results for the year
ended 30 June 2026 (“Current Period”) for release on or about
30 September 2026.

In terms of paragraph 6.26(a) of the JSE Listings
Requirements, companies are required to publish a trading
statement as soon as they are reasonably certain that the
financial results for the period to be reported upon next
will differ by at least 20% from the published results for
the previous corresponding period.

Shareholders are advised that, for the Current Period, the
following results are expected:

Continuing operations

-   earnings per share(“EPS”) from continuing operations of
    between 27.40 cents and 30.73 cents, compared to EPS of
    66.63 cents for the year ended 30 June 2025 (“Previous
    Comparative Period”), representing a decrease of between
    59% and 54%; and
-   headline earnings per share (“HEPS”) from continuing
    operations of between 29.37 cents and 32.65 cents,
    compared to HEPS of 65.50 cents for the Previous
    Comparative Period, representing a decrease of between 55%
    and 50%.

Discontinued operations

-   loss per share from discontinued operations of between
    8.94 cents and 9.02 cents, compared to EPS of 1.56 cents
    for the Previous Comparative Period; and
-   headline loss per share from discontinued operations of
    between 8.94 cents and 9.00 cents, compared to HEPS of
    1.19 cents for the Previous Comparative Period.

Total operations

-   total EPS of between 18.38 cents and 21.79 cents, compared
    to EPS of 68.19 cents for the Previous Comparative Period,
    representing a decrease of between 73% and 68%; and
-   total HEPS of between 20.37 cents and 23.71 cents, compared
    to HEPS of 66.69 cents in the Previous Comparative Period,
    representing a decrease of between 69% and 64%.
Note: As detailed above, Stadsrivier and Mbulwa have been
classified as discontinued operations in terms of IFRS 5.

Furthermore, Shareholders are advised that, in respect of
continuing operations:

-   Core EPS (being EPS attributable to ordinary shareholders
    from continuing operations, adjusted for the fair value
    movement in biological assets, net of tax) is expected to
    be a loss per share of between 4.90 cents and 4.95 cents,
    compared to a loss per share of 0.86 cents for the Previous
    Comparative Period.

-   Earnings   before   interest,    taxation,   depreciation,
    amortisation, impairment and fair value movements in
    biological assets is expected to be between R158.7 million
    and R166.7 million, representing an increase of between
    1% and 4% compared to R160 million for the Previous
    Comparative Period.

-   Cash generated from continuing operations is expected to
    be between R182.3 million and R189.6 million, representing
    an increase of between 25% and 30% compared to
    R145.9 million in the Previous Comparative Period.

-   Cash generated from total operations is expected to be
    between R166.9 million and R174.2 million, representing
    an increase of between 13% and 18% compared to
    R147.6 million in the Previous Comparative Period.

Shareholders are advised that the information included in
this announcement has not been reviewed or reported on by the
Company’s auditors and is the responsibility of the directors
of the Company.


Sabie, Mpumalanga
17 September 2026

Sponsor
One Capital
Date: 17/09/2026 05:35:00
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