SHORT-FORM
                                                                      ANNOUNCEMENT –

    Incorporated in the Republic of South Africa
                                                                      AUDITED CONDENSED
    Registration number: 2007/007084/06                               CONSOLIDATED FINANCIAL RESULTS
    JSE share code: ELI
    ISIN: ZAE000103081
    (“Ellies” or “the Company”)                                       for the year ended 30 April 2022

2022 at a glance
                                                                                          PROFIT AFTER TAX                   TOTAL COMPREHENSIVE
              REVENUE                                    EBITDA                          ATTRIBUTABLE TO EQUITY
                                                                                         HOLDERS OF THE PARENT                      INCOME

        DECREASED by 10,8%                        DECREASED by 148,8%                      DECREASED by 197,1%                  DECREASED by 243,4%

       to   R1 076,4 million                    to a loss of   R37,1 million             to a loss of   R43,7 million         to a loss of   R43,6 million
        (F2021: R1 206,4 million)               (F2021: profit of R76,0 million)          (F2021: profit of R45,0 million)     (F2021: profit of R30,4 million)




                                               HEADLINE EARNINGS                          NET ASSET VALUE                    NET TANGIBLE ASSET
    EARNINGS PER SHARE
                                                  PER SHARE                                 PER SHARE                         VALUE PER SHARE

       DECREASED by 182,2%                        DECREASED by 177,6%                       DECREASED by 34,9%                   DECREASED by 34,9%

       to a loss of   5,96 cents             to a headline loss of   7,13 cents                 to   16,6 cents                      to   16,6 cents
       (F2021: profit of 7,25 cents)              (F2021: profit of 9,19 cents)                (F2021: 25,5 cents)                  (F2021: 25,5 cents)



No dividend declared


SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the full
announcement and does not contain full or complete details.
Any investment decision by investors and/or shareholders should be based on the full announcement published on SENS on 29
July 2022 on the JSE website and also available on the Company’s website at https://elliesholdings.com/YERes2022.pdf
The full announcement is also available at the Company’s registered office (for inspection, at no charge, during office hours on any
business day) and at the offices of the sponsor, Java Capital, from 29 July 2022 to 4 August 2022, both days inclusive. Copies of the
full announcement may be requested by email to info@elliesholdings.com.
The JSE link is as follows:
https://senspdf.jse.co.za/documents/2022/JSE/ISSE/ELI/YE22.pdf
The annual financial statements including the audit opinion of the external auditor, BDO South Africa Incorporated, which sets out the
key audit matters and the basis for its unmodified opinion, is available on the Company’s website on
https://elliesholdings.com/AFS2022.pdf. The audit report on the annual financial s tatements i n respect o f w hich a n unmodified
opinion was expressed, notes as key audit matters:
•     Recoverability of deferred tax assets – recognition of deferred tax assets: availability of future sufficient taxable profit against
      which deductible temporary differences and tax losses carried forward can be utilised;
•     Valuation of inventory, including the completeness of the provision for obsolete stock, measurement of slow-moving inventory, if
      items of inventory are still saleable, and key assumptions used on the average usage and expected rate of sale of inventory; and
•     Going concern assumption – underlying fundamentals of cash flow projections and forward-looking economic outlook for South Africa.

29 July 2022

                                                                   ELLIES HOLDINGS LIMITED
Directors: Mr Timothy Fearnhead (Chairperson)*, Dr Shaun Prithivirajh (CEO), Mr Guy Moretti (CFO), Mr Darren Kramer*, Mr Martin Kuscus*, Mr Edick Lehapa*,
                                     Ms Maya Makanjee*, Ms Sedzani Mudau*, Mr Francois Olivier*, Mr Edward Raff*
                                                             * Independent Non-Executive
             Preparer: Prepared by Mr Jacques Liebenberg BCompt (Hons), AGA(SA), Group Reporting Financial Manager, under the supervision of
                                                    Mr Guy Moretti CA(SA), Financial Director and CFO
                                                Company Secretary: Acorim Secretarial & Governance Services
                       Registered office: Brooklyn Place, 3 Centex Close, Kramerville, Sandton, 2090 • (PO Box 57076, Springfield, 2137)
                                          Sponsor: Java Capital, 6th Floor, 1 Park Lane, Wierda Valley, Sandton, 2196
                                                                                                                                                                  GRAPHICULTURE




                                                                   Auditors: BDO South Africa Inc
                                               Transfer secretaries: Computershare Investor Services (Pty) Ltd
                                                                     www.elliesholdings.com