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Thu 25 Aug 2022, 7:15 HULAMIN LIMITED - Trading statement for the six months ended 30 June 2022
Trading statement for the six months ended 30 June 2022

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1940/013924/06
JSE Code: HLM
ISIN: ZAE000096210
(“Hulamin” the “Group” or the “Company”)

TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2022

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, Hulamin advises that there is a reasonable
degree of certainty that the financial results for the six months ended 30 June 2022, when compared with the
published financial results for the six months ended 30 June 2021, will differ as follows:

                                                30 June 2022           Change from 2021                30 June 2021                30 June 2021
                                                    expected         actual restated to                  restated 2         previously reported
                                                                          2022 expected
                                                                                  range

    Earnings per share                           45 cents to                Improved by          33 cents per share          29 cents per share
                                                    49 cents            between 36% (12
                                                                        cents per share
                                                                      increase) and 48%
                                                                    (16 cents per share
                                                                              increase)

    Headline earnings/(loss) per                 45 cents to                Improved by          19 cents per share          15 cents per share
    share                                           48 cents           between 137% (26
                                                                        cents per share
                                                                       higher) and 153%
                                                                    (30 cents per share
                                                                                higher)

    Normalised headline                      35.75 cents to                 Improved by         (5) cents per share         (9) cents per share
    earnings/(loss) per share 1                 36.75 cents                between 815%
                                                                       (35.75 cents per
                                                                      share improvement
                                                                        and 835% (36.75
                                                                        cents per share
                                                                           improvement)

Notes:
1     Normalised headline earnings per share is calculated in a consistent manner as per the latest annual financial statements, by dividing
      normalised headline earnings by the weighted average number of ordinary shares in issue during the year.

      Normalised headline earnings is defined as headline earnings excluding (i) metal price lag and (ii) material non-trading expense or income
      items which, due to their irregular occurrence, are adjusted for in order to better present earnings attributable to the ongoing activities of
      the Group. The presentation of normalised headline earnings is not an IFRS requirement and may not be directly comparable with the same
      or similar measures disclosed by other companies.

2     Hulamin revised the nature of costs capitalised to inventory at December 2021, which resulted in a restatement of previously reported results.
      As such the previously reported interim results have been restated.

The results for the six months ended 30 June 2022 are scheduled to be released on Monday, 29 August 2022 at
07h15 with a management presentation to stakeholders to follow at 10h00.

The financial information contained in this trading statement is the responsibility of the directors and has not been
reviewed nor reported on by the Company’s external auditors.


Pietermaritzburg
25 August 2022

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 25-08-2022 07:15:00
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