Bell Equipment Limited (JSE:BEL) News - Renewal of Cautionary Announcement Bell Equipment Limited Incorporated in the Republic of South Africa (Registration number 1968/013656/06) Share code: BEL ISIN: ZAE000028304 (“Bell” or “the Company”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement released on SENS on 10 March 2021 and the subsequent renewal of cautionary announcements, the last of which was dated 30 August 2021, relating to the Non-Binding Expression of Interest received from IA Bell in respect of a possible transaction to acquire the entire issued ordinary share capital of Bell not already held (or to be acquired) by IA Bell. Terms defined in the said announcements bear the same meaning where used in this announcement. Shareholders are advised that the process is still ongoing which, if successfully concluded, may have a material effect on the price of the Company’s securities, and accordingly shareholders should continue to exercise caution when dealing in the Company’s securities, until a further announcement is made. Richards Bay 18 October 2021 Sponsor Investec Bank Limited Date: 18-10-2021 08:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.