Trading Statement HOSKEN PASSENGER LOGISTICS AND RAIL LIMITED (Incorporated in the Republic of South Africa) Registration number: 2015/250356/06 Share code: HPR ISIN: ZAE000255907 (“HPLR” or the “Company”) TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited (“JSE”) Listings Requirements, 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 results of the previous corresponding reporting period. Due to the reduction in services and contraction of the Group’s operations over the period of lockdown, shareholders are hereby advised that the Company expects to report earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the six months ended 30 September 2020 that will be down by not more than 50% on the results of the previous corresponding reporting period. EPS will be at least 22.23 cents per share (2019: 44.46 cents per share) and HEPS will be at least 20.76 cents per share (2019: 41.53 cents per share) for the six months ended 30 September 2020. A further trading statement will be released once reasonable certainty exists on the range of the decreases. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company’s external auditors. The Company expects to release its financial results for the six months ended 30 September 2020 on or about 19 November 2020. Cape Town 18 September 2020 Sponsor Investec Bank Limited Date: 18-09-2020 02:30:00 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.