DENEB INVESTMENTS LIMITED - Trading Statement

Trading Statement

DENEB INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2013/091290/06)
Share code: DNB
ISIN: ZAE000197398
("Deneb" or "the Group")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is
required to publish a trading statement as soon as it becomes reasonably certain that the
financial results for the next period to be reported on will differ by 20% or more from the
financial results for the previous corresponding period.

The Company hereby advises that a reasonable degree of certainty exists that for the period
ended 30 September 2025 ("Current Reporting Period"):

-     headline earnings per share will be between 16.9 cents and 18.7 cents, representing an
      increase of between 91% and 111% compared to the headline earnings per share of
      8.9 cents reported for the period ended 30 September 2024 ("Prior Reporting Period");
      and

-     earnings per share will be between 17.0 cents and 18.8 cents, representing an increase
      of between 92% and 112% compared to the earnings per share of 8.9 cents reported
      for the Prior Reporting Period.

The financial information on which this trading statement is based has not been reviewed or
reported on by the auditor of the Company. The unaudited results for the Current Reporting
Period are expected to be published on or about 27 November 2025.

Cape Town
20 November 2025

Cape Town
PSG Capital

Date: 20-11-2025 07:05:00
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