Trading statement PEREGRINE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1994/006026/06) Share code: PGR ISIN: ZAE000078127 (“Peregrine”) TRADING STATEMENT Shareholders are advised that, as a consequence of the results for the year ended 31 March 2019 (“the comparative period”) having included (i) the six-month earnings from the Broking & Structuring business (which was disposed of with effect from 1 October 2018) amounting to R77 million; and (ii) the one-time performance fee, amounting to £3 million (R58 million), received by Stenham Limited (arising from the disposal of a property which formed part of the property portfolio sold to Stenprop Limited in 2014) – 1 headline earnings per share (“HEPS”) for the year ended 31 March 2020 (“the current period”) are likely to be between 25% to 30% lower (being between 52.7 and 63.2 cents per share lower) than the HEPS for the comparative period (being 210.8. cents per share); and 2 basic earnings per share (“EPS”) for the current period are likely to be between 30% to 35% lower (being between 59.2 and 69.0 cents per share lower) than the EPS for the comparative period (being 197.2 cents per share). The financial information disclosed in terms of this trading statement is in the process of being reviewed and reported on by Peregrine’s external auditors as required by Companies Act Regulation 111(9) read with Companies Act Regulation 111(10), and their report thereon will be made available in due course. Peregrine’s reviewed provisional results for the year ended 31 March 2020 will be published on or about 23 June 2020. 10 June 2020 Joint sponsor Joint independent sponsor Java Capital Deloitte Date: 10-06-2020 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.