BELL EQUIPMENT LIMITED (Incorporated in the Republic of South Africa) Registration number 1968/013656/06 ISIN: ZAE000028304 Share Code: BEL (“the Company”) TRADING STATEMENT Shareholders are advised that the Company expects to report earnings per share and headline earnings per share of at least 750 cents, an increase of 272 cents per share or 57% and of 277 cents per share or 59% respectively, for the year ending 31 December 2023 when compared to the earnings per share and headline earnings per share of 478 cents and 473 cents respectively for the year ended 31 December 2022. A further trading statement for the year ending 31 December 2023 will be released on SENS once the Company has greater certainty regarding the extent of the expected increase in its results for the year ending 31 December 2023. The expected increase in earnings is mainly due to stronger market demand. 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 year ending 31 December 2023 are expected to be announced on SENS on or about 29 March 2024. Richards Bay 7 November 2023 Sponsor: INVESTEC BANK LIMITED 2857/02/2012