SABVEST CAPITAL LIMITED - Trading statement in respect of twelve months ending 31 December 2025

Trading statement in respect of twelve months ending 31 December 2025

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
("Sabcap")

TRADING STATEMENT IN RESPECT OF TWELVE MONTHS ENDING 31 DECEMBER 2025

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they are 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 the financial results of the
previous corresponding reporting period or they may publish a trading statement if the differences are
less than 20% but which are viewed as being important enough to be made the subject of a trading
statement.

Shareholders are advised that, for the twelve months ending 31 December 2025, Sabcap anticipates the
following in relation to its financial results:

                                                                         Expected               Audited
                                                                    twelve months         twelve months
                                                                           ending                 ended
                                                    Expected           31/12/2025            31/12/2024
                                                    % change                cents                 cents

Net asset value per share                   + 18,0 to + 25,0     15 591 to 16 516                13 213
Dividends per share                         + 19,0 to + 24,0           125 to 130                   105

The estimated financial information as contained in this trading statement has not been reviewed and
reported on by Sabcap's external auditors. Sabcap's results for the twelve months ending 31 December
2025 will be released on the SENS mid to late March 2026.


Sandton
3 December 2025

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 03-12-2025 03:05:00
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