Namibia Breweries Limited ("NBL" or "the Company")

(Incorporated in the Republic of Namibia) (Registration number: 2/1920)

Share code: NBS

ISIN: NA0009114944

TRADING STATEMENT

In compliance with the Namibian Stock Exchange Listing Requirements, NBL shareholders are advised that the Group's profit after tax, basic earnings per share and headline earnings per share for the period ended 31 December 2021 is expected to increase by between 40% and 45% compared to the comparative period.

The increase is attributed to the improved trading conditions in South Africa, resulting in an expected increase in share of profit of associate by between 133% and 137% compared to the comparative period.

Operating profit is expected to increase by between 2% and 5% compared to the comparative period.

This trading statement has not been reviewed or reported on by NBL's external auditors and shareholders are advised to exercise caution when dealing in the group's shares until publication of the financial results for the period ended 31 December 2021.

The Group´s unaudited interim financial results will be released on NENS on or about 30 March 2022 and in the press on 31 March 2022.

Windhoek

22 March 2022

Sponsor to Namibia Breweries Limited

PSG Wealth Management (Namibia) (Pty) Ltd

Member of the Namibian Stock Exchange

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Namibia Breweries Ltd. published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 15:31:05 UTC.