YEBOYETHU (RF) LIMITED - Trading statement in respect of the annual results for the period ended 31 March 2026

Trading statement in respect of the annual results for the period ended 31 March 2026

             YeboYethu (RF) Limited
             (Incorporated in the Republic of South Africa)
             (Registration number: 2008/014734/06)
             Share code: YYLBEE
             ISIN: ZAE000218483
             ("YeboYethu")

             Trading statement in respect of the annual results for the period ended 31 March 2026

             In terms of paragraph 6.26 of the Listings Requirements of the JSE Limited ("JSE"), issuers must
             announce a trading statement as soon as they are reasonably certain that the results for the period to
             be reported on next will differ by at least 20% from the published results for the previous corresponding
             period.

             YeboYethu is currently in the process of finalising its results for the year ended 31 March 2026.
             Shareholders are hereby advised that the net asset value per share ("NAV") for 31 March 2026 and the
             percentage change compared to the results for 31 March 2025 is expected to be in the range outlined
             below:

                                March 2026               March 2025           Change              Percentage Change
                                Expected Range           (ZAR)                (ZAR)               (%)
                                (ZAR)
              NAV               103.27 – 106.96               73.77         29.50 - 33.19           40% - 45%

             The increase in NAV is attributable to the increase in the Vodacom Group Limited ("Vodacom") closing
             share price from R125.45 as at 31 March 2025 to R144.32 as at 31 March 2026. Vodacom shares
             represent the majority of the assets held by YeboYethu and the Vodacom share price is therefore a key
             driver for change in the net asset value. The debt remained fairly constant.

             The financial information on which this trading statement is based has not been reviewed and reported
             on by the external auditor of YeboYethu. YeboYethu's consolidated annual financial results for the year
             ended 31 March 2026 are expected to be announced on the Stock Exchange News Service of the JSE
             on or about Monday, 15 June 2026.

             YeboYethu reminds shareholders that the NAV for trading statement purposes was adopted as this
             measure is more relevant than earnings per share / headline earnings per share given the nature of
             YeboYethu's business.




             Johannesburg
             20 May 2026

             JSE Sponsor:
             Tamela Holdings Proprietary Limited





Date: 20-05-2026 04:07:00
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