Trading Statement SPANJAARD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1960/004393/06) Share code: SPA ISIN: ZAE000006938 ("the Company”) TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the JSE Limited’s Listings Requirements, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. The profit per share and headline profit per share are expected to reflect a profit of 56.5 cents for the year ended 28 February 2021, more than 100% higher than the earnings and headline earnings of 26.1 cents per share and 27.5 cents per share respectively for the audited results for the year ended 29 February 2020. The financial information, on which this trading statement is based, has not been reviewed and reported on by the Company’s auditors. The results for the year ended 28 February 2021 are expected to be published on or about 31 May 2021. By Order of the Board Johannesburg 24 May 2021 Sponsor AcaciaCap Advisors Proprietary Limited Date: 24-05-2021 05:40:00 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.