Enhanced Investments - Financial Portal

Updated trading statement for the year ended 30 June 2024

Published: 2024-09-19 09:15:25 ET

MUSTEK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/070161/06)
Share code: MST
ISIN: ZAE000012373
(“Mustek” or “the company” or “the Group”)

UPDATED TRADING STATEMENT FOR THE YEAR ENDED 30 JUNE 2024

This trading statement is in reference to the trading statement issued on 10 September 2024 and
published in compliance with paragraph 3.4(b) of the JSE Listings Requirements.

Mustek’s shareholders are informed that, for the year ended 30 June 2024, Mustek’s revised headline
earnings per share is expected to be between 80% and 90% lower than reported in the comparative
period at between 37,52 cents and 75,04 cents (30 June 2023: 375,18 cents).

Basic earnings per share is expected to remain to be between 85% and 95% lower than reported in
the comparative period at between 18,63 cents and 55,89 cents (30 June 2023: 372,61 cents).

The difference in the revised headline earnings is due to an adjustment on the impairment of the
investment in Zaloserve (Sizwe IT Africa), which has been classified as an asset held for sale as at 30
June 2024.

Net asset value per share is expected to remain to be between 2 770,00 cents and 2 820,00 cents,
compared to 2 724,36 cents as at 30 June 2023.

The company expects to release its financial results for the year ended 30 June 2024 on SENS on
today, 19 September 2024. A virtual results presentation will be hosted today at 10:00am. The
presentation can be joined using the following link https://bit.ly/3TmaJpY.

The above information has not been reviewed or reported on by the company’s external auditors.

Midrand

19 September 2024

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.