BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“the Company”) TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023 Shareholders are advised that the Company’s earnings per share and headline earnings per share are expected to be at least 30% (63 cents) higher for the six months ended 30 June 2023 when compared to the earnings per share and headline earnings per share of 209 cents and 210 cents respectively for the six months ended 30 June 2022. A further trading statement for the six months ended 30 June 2023 will be released on SENS once the Company has reasonable certainty regarding the extent of the expected increase in its results for the six months ended 30 June 2023. The expected increase in earnings is mainly due to stronger market conditions in 2023. The financial information on which this trading statement is based has not been reviewed and reported on by the Company’s external auditors. The results for the six months ended 30 June 2023 are expected to be announced on SENS on or about 8 September 2023. Richards Bay 12 July 2023 Sponsor: INVESTEC BANK LIMITED 2857/02/2012