ILLOVO SUGAR (MALAWI) PLC

(COMPANY REGISTRATION NO. 839)

TRADING STATEMENT FOR THE HALF YEAR

ENDING 28 FEBRUARY 2022

In terms of the Listings Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial statements for the period to be reported upon will differ by at least 20% from that of the previous corresponding period.

Illovo Sugar (Malawi) plc accordingly advises that profit after tax for the half year ending 28 February 2022 is expected to be higher than the previous corresponding period by more than 45%.

The information on which the above trading statement is based has not been reviewed or reported on by Illovo Sugar Malawi plc's external auditors

BY ORDER OF THE BOARD

MAUREEN KACHINGWE

COMPANY SECRETARY

22nd February 2022

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Illovo Sugar Malawi Limited published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 12:11:15 UTC.