TREMATON CAPITAL INVESTMENTS LIMITED - Trading Statement for the Year ended 31 August 2024

Trading Statement for the Year ended 31 August 2024

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 2024

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
2024.

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 loss per share for the year ended 31 August 2024 to be
      between 4.3 cents and 4.7 cents as compared to basic earnings
      of 31.7 cents for the year ended 31 August 2023 (" previous
      comparable period");
  •   headline earnings per share for the year ended 31 August 2024
      is expected to be between nil cents and a loss of 0.2 cents as
      compared to headline earnings of 3.6 cents in the previous
      comparable period;
  •   net asset value ("NAV") per share for the year ended 31 August
      2024 to be between 320 cents and 325 cents which is between 13%
      and 11% lower than the previous comparable period's 366 cents;
      and
  •   INAV per share for the year ended 31 August 2024 to be between
      352 cents and 358 cents, which is between 20% and 18% lower than
      the previous comparable period's 439 cents.

Further details will be provided in the Trematon group results for
the year ended 31 August 2024, due to be published on SENS on or about
29th November 2024.

The financial information on which this trading statement is based
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 2024

JSE Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 15-11-2024 09:00:00
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