ASTORIA INVESTMENTS LIMITED - Summarised unaudited results for the quarter ended 31 March 2025

Summarised unaudited results for the quarter ended 31 March 2025

ASTORIA INVESTMENTS LTD
(Incorporated in the Republic of Mauritius)
(Registration number 129785 C1/GBL)
SEM share code: ATIL.N0000
JSE share code: ARA
ISIN: MU0499N00015
("Astoria" or "the Company")


SUMMARISED UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2025


Astoria is a Mauritian domiciled global investment company with primary listings of its shares on the Stock
Exchange of Mauritius ("SEM") and the Alternative Exchange ("AltX") of the JSE Limited ("JSE"). Astoria aims to
grow its Net Asset Value ("NAV") per share, measured in US Dollars ("USD" or "$"), at a high real rate over time.

Section 12.18 of the SEM Listing Rules requires Astoria to provide quarterly reports to its shareholders.

Astoria's valuation policy is to perform detailed valuations of unlisted investments for interim results (June) and
year end results (December). At all other times, unlisted values are kept unchanged, except in instances where
developments require an immediate and material change in value, which is applied without delay. Price changes
for listed investments and currencies are reflected on an ongoing basis.

Due to, inter alia, the continued pressure on diamond prices and uncertainty in the global diamond market,
downward adjustments were made to the carrying value of the diamond assets of Astoria in the calculation of
the NAV as at 31 March 2025. The diamond assets are represented by Trans Hex Group (Pty) Ltd, Trans Hex
Marine (Pty) Ltd and TIS Management Holdings Limited. Consequently, the NAV per share as at 31 March 2025
decreased by 6.23% in USD (8.69% in ZAR) when compared to the NAV per share as at 31 December 2024.


 Unaudited    Audited       Unaudited                                      Unaudited     Audited       Unaudited
 31 March     31            31 March                                       31 March      31            31 March
 2024         December      2025                                           2025          December      2024
              2024                                                                       2024
   1 385.02     1 170.69      1 068.94   ZAR     Net asset value   US$          58.13         61.99         73.39
                                         cents   per share         cents
     49 373   16 685 015         5 997   ZAR     Income            US$            324       910 370         2 615
   (115.26)     (317.60)       (71.54)   ZAR     Basic loss per    US$          (3.86)       (17.33)        (6.10)
                                         cents   share             cents
   (115.26)     (317.60)       (71.54)   ZAR     Headline loss     US$          (3.86)       (17.33)        (6.10)
                                         cents   per share         cents


No dividends have been declared or paid for the quarter ended 31 March 2025 (Q1 2024: Nil).
SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the board of directors of Astoria ("Board") and is only a
summary of the information in the full announcement and, accordingly, does not contain full or complete details.
The full announcement was published on SENS and the SEM website on 29 April 2025, and can be found on the
Company's website www.astoria.mu/publications and accessed using the following JSE link:
https://senspdf.jse.co.za/documents/2025/jse/isse/ARAE/Q1MAR25.pdf

Any investment decisions by shareholders and/or investors should be based on the full announcement released
on SENS and published on the SEM website and on the Company's website at www.astoria.mu/publications.

Copies of the full announcement are available to the public, free of charge, at the registered office of the
Company, 1st Floor, 18 Cascavelle Business Park, Riviere Noire Road, Cascavelle, Republic of Mauritius or via
sending an email to info@astoria.mu.



By order of the Board
Mauritius – 29 April 2025

NOTES

Copies of the statement of direct or indirect interest of the Senior Officers of the Company pursuant to rule
8(2)(m) of the Securities (Disclosure of Obligations of Reporting Issuers) Rules 2007 are available to the public
upon request to the Company Secretary at the Registered Office of the Company at 1st Floor, 18 Cascavelle
Business Park, Riviere Noire Road, Cascavelle, Republic of Mauritius.

This announcement is issued pursuant to SEM Listing Rules 12.20 and 12.21 and section 88 of the Securities Act
2005 of Mauritius. The Board accepts full responsibility for the accuracy of the information in this
announcement.


For further information, please contact:

Designated Advisor
Questco Corporate Advisory Proprietary Limited

Company Secretary
Clermont Consultants (MU) Limited

Date: 29-04-2025 09:00:00
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