Mustek Limited

Incorporated in the Republic of South Africa Registration number: 1987/070161/06

JSE share code: MST

ISIN: ZAE000012373 "Mustek" or "the Group"

Short form announcement results for the six months ended 31 December 2021

Highlights

  • Gross profit % increased to 16,2% (31 December 2020: 13,9%)
  • Revenue R4,19 billion up 12,5% (31 December 2020: R3,72 billion)
  • Basic earnings per share 232,72 cents up 17,9% (31 December 2020: 197,34 cents)
  • Operating profit R252,90 million up 17,7% (31 December 2020: R214,96 million)
  • Net asset value per share 2 259,48 cents up 28,3% (31 December 2020: 1 760,96 cents)
  • Headline earnings per share 237,09 cents up 17,3% (31 December 2020: 202,11 cents)

The information has been extracted from the unaudited results for the six months ended 31 December 2021 and this announcement itself has not been audited or reviewed.

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 should be based on the full announcement, which can be accessed from Wednesday, 2 March 2022, using the following JSE link: https://senspdf.jse.co.za/documents/2022/jse/isse/MST/Int22.pdf

Alternatively, the full announcement is available on our website at https://mustek.co.za/financial/

The full announcement is available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and copies thereof may be requested free of charge at ltd@mustek.co.za

For and on behalf of the Board of directors

David

Kan

Neels Coetzee CA(SA)

Chief

executive officer

Financial director

2 March 2022

Midrand

CORPORATE INFORMATION

Company secretary: Sirkien van Schalkwyk, Block B, Office 107, The Park Shopping Centre,

837 Barnard Street, Elarduspark, 0181. PO Box 4896, Rietvalleirand, 0174. Telephone: +27 (01)12 751 6000

Transfer secretaries: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue,

Rosebank, 2196. Private Bag X9000, Saxonwold, 2132. Telephone: +27 (0)11 370 5000

Registered office: 322 15th Road, Randjespark, Midrand, 1685.

Postal address: PO Box 1638, Parklands, 2121

Contact numbers: Telephone: +27 (0)11 237 1000 Facsimile: +27 (0)11 314 5039 Email: ltd@mustek.co.za

Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited

www.mustek.co.za

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Disclaimer

Mustek Limited published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 07:06:03 UTC.