York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
(“York” or the “Company” or the “Group”)

TRADING STATEMENT AND TRADING UPDATE

York is in the process of finalising its results for the year
ended 30 June 2022 for release on or about 20 September 2022.

In terms of paragraph 3.4(b) of the Listings Requirements of
the JSE Limited, companies are required to publish a trading
statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the
period to be reported upon next will differ by at least 20%
from the previous corresponding period.

Shareholders are advised that for the year ended 30 June 2022,
earnings per share (“EPS”) is expected to decrease from 43*
cents to be between 8.20 cents and 11.28 cents (being a
decrease of between 81% and 74%), and headline earnings per
share is expected to decrease from 42* cents to be between
8.39 cents and 11.40 cents (being a decrease of between 80%
and 73%).

Furthermore, Shareholders are advised that:

-   Core earnings per share (based on EPS attributable to
    ordinary shareholders less the fair value adjustment to
    the biological assets, net of tax) is expected to decrease
    from 40* cents to be between 23.64 cents and 26.51 cents
    (being a decrease of between 41% and 34%).

-   Earnings   before   interest,   taxation,   depreciation,
    amortisation and fair value adjustments on biological
    assets is expected to be between 30% and 35% lower than
    that for the comparative year of R322 million*.

-   Cash generated from operations is expected to be between
    50% and 55% lower than the R425 million* in the previous
    year.

*   The Group restated prior year figures following the
    International   Financial Reporting  Interpretations
    Committee (IFRIC) agenda decision on the accounting
   treatment of costs of configuring or customising a
   supplier’s application software in a cloud computing or
   Software as a Service(SaaS)arrangement in March 2021. The
   Group has reconsidered its accounting treatment and
   adopted the treatment set out in the IFRIC agenda decision
   and the cost of customisation and configuration have been
   expensed in the Statement of profit or loss and other
   comprehensive income. This change in accounting treatment
   has been accounted for retrospectively and comparative
   information has been restated. The results for the 2020
   and 2021 financial year have been restated. A detailed
   assessment and impact of the restatement will be included
   in the results for the year ended 30 June 2022.

Shareholders are advised that the information included in
this announcement has not been reviewed or reported on by
the Company’s auditors and is the responsibility of the
directors of the Company.

Sabie, Mpumalanga
09 September 2022

Sponsor
One Capital