TREMATON CAPITAL INVESTMENTS LIMITED – Transaction report for the year ended September 30, 2022 – SENS

                            

Trading Statement for the year ended 30 September 2022

TREMATON CAPITAL INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/008691/06)
Share code: TMT
ISIN: ZAE000013991
(‘Trematon’ or “the Trematon group”)

TRADING STATEMENT FOR THE YEAR ENDED 31 AUGUST 2022

In terms of the Listing Requirements of the JSE Limited (“Listings Requirements”), a listed company is required
to publish a trading statement as soon as it becomes satisfied that a reasonable degree of certainty exists that
the financial results for the period to be reported on next will differ by at least 20% from those of the previous
corresponding period.

Shareholders are hereby advised that the Trematon group is currently finalising its annual financial results for
the year ended 31 August 2022.

Trematon is an investment holding company and uses earnings, headline earnings and the intrinsic value model
to provide management and investors with a realistic and transparent way of evaluating Trematon’s
performance. Trematon’s earnings and headline earnings are inherently volatile and do not provide an accurate
indication of the operations of the Trematon group. Management considers the intrinsic net asset value (“INAV”)
to be the most important financial measure of value for shareholders. The INAV is compiled using a combination
of listed market prices, external professional valuations and/or directors’ valuations, where applicable and
reflects the realisable value of the company based on an efficient disposal of the assets.

The Trematon group expects:

• basic earnings per share for the year ended 31 August 2022 to be between 8.0 cents and 8.5 cents, an
increase of between 201% and 208% as compared to basic loss of 7.9 cents per share for the year
ended 31 August 2021 (‘the previous comparable period”);
• headline earnings per share for the year ended 31 August 2022 is expected to be between 8.5 cents
and 9.0 cents, an increase of between 305% and 329%, as compared to headline earnings of 2.1 cents
per share in the previous comparable period;
• intrinsic net asset value (“INAV”) per share for the year ended 31 August 2022 to be between 485 cents
and 495 cents, which is between 10% and 8% lower than the previous comparable period’s 536 cents;
and
• net asset value (“NAV”) per share for the year ended 31 August 2022 to be between 365 cents and 375
cents, which is between 9% and 6% lower than the previous comparable period’s 401 cents.

Further details will be provided in the final Trematon group results for the year ended 31 August 2022, due to
be published on SENS on or about 23 November 2022.

The financial information on which this trading statement is based is the responsibility of the directors of
Trematon and has not been reviewed or reported on by the Trematon group’s auditors in accordance with either
3.4b(viii)(1)(aa) or 3.4b(viii)(1)(bb) of the Listings Requirements.

Cape Town
15 November 2022

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 15-11-2022 09:05:00
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