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BOXER RETAIL LIMITED - TRADING UPDATE FOR THE 48 WEEKS ENDED 1 FEBRUARY 2026 05 February 2026 7:30 Trading update for the 48 weeks ended 1 February 2026 Boxer Retail LimitedIncorporated in the Republic of South AfricaRegistration number: 2024/392006/06JSE and A2X share code: BOXISIN code: ZAE000339891("Boxer") Trading update for the 48 weeks ended 1 February 2026 Turnover for the 48-week period to 1 February 2026 ("the Period") grew 11.9%, with like-for-likegrowth of 3.9%. Trading momentum softened over the latter part of the period, with turnover for the22 weeks to 1 February 2026 increasing 9.8% and 2.4% like-for-like. Turnover growth over the last 22 weeks of the Period reflects the combined impact of strong growthin September and October 2025, a soft November, and steady improvement in December and January2026. The November performance was the result of a constrained trading environment over theextended Black Friday period, together with a high November 2024 base. As measured by NielsenIQ,Boxer consistently gained market share throughout the Period. Internal selling price inflation for the Period, as measured on a volume-held-constant basis, was -1.0%,vs. -0.7% for H1 FY26. Previously published 22 weeks ended 48 weeks ended 26 weeks to 31 August 1 February 2026 1 February 2026 2025 (H1 FY26) % growth % growth % growth Turnover 13.9% 9.8% 11.9% Like-for-like sales 5.3% 2.4% 3.9% Boxer is broadly on track to meet its FY26 store rollout guidance. Management is working to meet itsliquor store rollout objectives, but this remains contingent on securing a number of outstanding liquorlicences. Boxer anticipates that sales growth for full year FY26 (52 weeks to 1 March 2026), as measured on a52 week/52 week basis, should be somewhat ahead of the reported sales growth for the Period, giventhe softer February 2025 base. On management's current assessment, Boxer remains on-track to meetits FY26 trading profit growth objective. The financial information on which this trading update is based is the responsibility of the Boxer Boardof directors and has not been reviewed by or reported on by Boxer's external auditors. By order of the Board Westville5 February 2026 Sponsor: RAND MERCHANT BANK (a division of FirstRand Bank Limited) Forward-looking information contained in this announcement This announcement contains certain forward-looking statements which relate to Boxer's possiblefuture actions, long-term strategy, performance, liquidity position and financial position. All forward-looking statements are solely based on the views and considerations of the Board, and in particular,as at the date hereof. These statements involve risk and uncertainty as they relate to events anddepend on circumstance that may or may not occur in the future. Boxer does not undertake toupdate or revise any of these forward-looking statements publicly, whether to reflect newinformation, future events or otherwise. These forward-looking statements have not been reviewedor reported on by Boxer's external auditors. Date: 05-02-2026 07:30:00Produced 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.