Reviewed Interim Condensed Consolidated Financial Statements for the six months ended 31 December 2022

Highlights:

• Group revenue increased to R15,0 billion (December 2021: R13,0 billion)
• Earnings before non-recurring items (“operating earnings”) for the period – R181 million (December 2021: R215 million)
• Earnings for the period remained flat at R48 million (December 2021: R53 million)
• Earnings per share – flat at 38 cents per share (December 2021: 43 cents per share)
• Headline earnings increased to R77 million (61 cents per share) from a headline earnings of R17 million (14 cents per share)
• Operating free cash outflow of R20 million (December 2021: R490 million inflow)
• Cash and bank balances of R2,8 billion (June 2022: R2,6 billion)
• Net cash position excluding IFRS 16 of R2,1 billion (June 2022: R2,1 billion)
• Increase in work in hand to R53,3 billion* from R30,8 billion in June 2022
• Net asset value per share increased to 2 980 cents per share from 2 873 cents per share at 30 June 2022