AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2014

AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2014 2014

AGENDA 02 GROUP OVERVIEW 06 FINANCIAL REVIEW 22 DIVISIONAL REVIEW 37 OUTLOOK 39 QUESTIONS 1

GROUP OVERVIEW 02

GROUP OVERVIEW GROUP STRUCTURE INDUSTRIAL EQUIPMENT FLEET MANAGEMENT AND LOGISTICS CONTRACT MINING AND PLANT RENTAL DISTRIBUTION, LEASING RENTAL VALUE-ADDED SERVICES FOR: Forklifts Mobile cranes Port equipment Mining trucks Other industrial equipment VALUE-ADDED CORPORATE LEASING AND LOGISTICS FOR: Passenger vehicles Light, medium and heavy commercial vehicles Construction and mining equipment Vehicle remarketing Logistics OPENCAST MINING SERVICES: Drilling Blasting Load and haul Short-term plant rental 3

GROUP OVERVIEW SALIENT FEATURES REVENUE 9.8% R9 089 million to R9 978 million OPERATING PROFIT 9.6% R1 038 million to R938 million CASH GENERATED by operations before changes in working capital 3.4% R2 867 million to R2 965 million INTEREST-BEARING borrowings 5.0% R7 597 million to R7 976 million HEADLINE EARNINGS per share 26.3% 104.0 cents to 76.7 cents REVENUE-GENERATING assets 4.8% R9 578 million to R10 034 million 4

MOVING VALUE GROUP OVERVIEW SALIENT FEATURES continued Results negatively impacted by once off items: In Contract Mining and Plant Rental; and Impairment of Protech investment Fleet Management and Logistics and Industrial Equipment divisions demonstrated resilience by recording an increase in revenue, operating margins and profitability Ongoing investments in revenue-generating assets translating into higher annuity income and cash flows Rest of Africa and UK increased their operating profit contribution Continue to balance exposure to Contract Mining No dividend declared: Position the group for future growth in Fleet Management and Logistics and Industrial Equipment Will revert to stated dividend policy in near term Global commodity demand under pressure which is impacting Contract Mining and Plant Rental 5

FINANCIAL REVIEW 06

FINANCIAL REVIEW REVENUE OVERVIEW GROUP REVENUE* R9 978 million (2013: R9 089 million) INDUSTRIAL EQUIPMENT 2014 3 037 +12.1% 2013 2 708 Higher revenue from outright sales in UK FLEET MANAGEMENT AND LOGISTICS 2014 2 796 +18.4% 2013 2 362 Increase in leasing revenue and used vehicle remarketing CONTRACT MINING AND PLANT RENTAL 2014 2013 4 515 4 223 +6.9% Increase due to a contract changing to wet rate and FX impact on Benga revenue * Excludes inter-company revenue of R370 million (2013: R204 million) 7

FINANCIAL REVIEW VALUE CHAIN REVENUE STATEMENT 2014 R MILLION Distribute Lease/rent Value-add Sell Total Industrial Equipment 1 220 923 712 182 3 037 Fleet Management and Logistics - 1 212 930 654 2 796 Contract Mining and Plant Rental - 399 4 033 83 4 515 Total 1 220 2 534 5 675 919 10 348 2013 Industrial Equipment 1 051 740 744 173 2 708 Fleet Management and Logistics - 1 094 825 443 2 362 Contract Mining and Plant Rental - 509 3 602 112 4 223 Total 1 051 2 343 5 171 728 9 293 Industrial Equipment value-add revenue decreased as a result of customers delaying services on their owned fork trucks Contract Mining and Plant Rental revenue from leasing/rent decreased on the back of a slowdown of rentals into the mining sector 8

FINANCIAL REVIEW VALUE CHAIN REVENUE STATEMENT 2014 2013 9% 12% 8% 11% 24% 25% 55% 56% Distribute Rent/lease Value-add Sell 9

FINANCIAL REVIEW GROUP INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2014 R MILLION 2014 2013 % ch Revenue 9 978 9 089 +9.8% Net operating expenses (6 974) (6 219) +12.1% Profit from operations 3 004 2 870 +4.7% Depreciation, amortisation and recoupments (2 066) (1 832) +12.8% Operating profit 938 1 038 (9.6%) Net foreign exchange (losses)gains (1) 7 Impairment of leasing assets (2) (16) Protech impairment (63) - Profit before net finance costs 872 1 029 +15.3% Net finance costs (603) (543) +11.0% Profit before taxation 269 486 (44.7%) 10

FINANCIAL REVIEW GROUP INCOME STATEMENT (cont) FOR THE YEAR ENDED 30 JUNE 2014 R MILLION 2014 2013 % ch Profit before taxation 269 486 (44.7%) Income tax expense (18) (78) (76.9%) Profit for the year 251 408 (38.5%) RECONCILIATION OF TAXATION RATE (%) 2014 2013 Standard taxation rate 28.0 28.0 Foreign tax incentive (14.1) (6.0) Deferred tax asset recognition (5.1) (4.2) Other taxation adjustments (2.1) 1.1 Effective taxation rate 6.7 18.9 11

FINANCIAL REVIEW WEIGHTED AVERAGE SHARES IN ISSUE MILLIONS 2014 2013 Weighted average shares in issue, net of treasury shares 394.2 411.4 Weighted share buy back (8.5) Weighted treasury shares sold for staff scheme 2.1 Weighted average shares in issue 396.3 402.9 Basic and diluted HEPS (cents) 76.7 104.0 Basic and diluted EPS (cents) 60.6 100.0 Lereko Mobility Proprietary Limited has an option to buy 5.8 million shares at the 20 day VWAP as at 4 June 2015, alternatively Eqstra will repurchase and cancel the shares at 0.1 cents per share 12

FINANCIAL REVIEW BALANCE SHEET - ASSETS R MILLION 2014 2013 % ch Revenue-generating assets 10 034 9 578 +4.8% Inventories 1 117 945 +18.2% Trade and other receivables 1 704 1 576 +8.1% Cash and cash equivalents 93 300 (69.0%) Other assets 928 902 +2.9% Total assets 13 876 13 301 +4.3% 2014 2013 8% OPERATING ASSETS 15% South Africa Rest of Africa 14% 6% 77% UK 80% 13

FINANCIAL REVIEW BALANCE SHEET - EQUITY AND LIABILITIES R MILLION 2014 2013 % ch Total equity 3 451 3 275 +5.4% Interest-bearing borrowings 7 976 7 597 +5.0% Accounts payables and provisions 1 664 1 654 +0.6% Other liabilities 785 775 +1.3% Total equity and liabilities 13 876 13 301 +4.3% 12 000 10 000 8 000 6 000 4 000 2 000 0 2009 2010 2011 2012 2013 2014 Revenue-generating assets Interest-bearing borrowings 14

FINANCIAL REVIEW CASH FLOW STATEMENT R MILLION 2014 2013 % ch Cash generated from operations before working capital movements 2 965 2 867 +3.4% Working capital movements* 457 292 +56.5% Cash generated from operations 3 422 3 159 +8.3% Cash flows from interest and taxation (630) (614) +2.6% Net cash flows from operating activities 2 792 2 545 +9.7% Net cash flows from investing activities (3 117) (2 821) +10.5% Net cash flows from financing activities 113 (44) Net decrease in cash and cash equivalents before effect of exchange rate (212) (320) (33.8%) * Includes R681 million (2013:R509 million) of leasing assets transferred to inventory as a non cash flow item 15

FINANCIAL REVIEW MOVEMENT IN CASH AND CASH EQUIVALENTS At beginning of the year Cash generated from operations Increase in interest-bearing borrowings Movement in finance lease receivables * Increase in working capital Taxation paid Net finance costs and fx movements * Net capital expenditure Transactions with shareholders Business acquisitions and investments At the end of the year 300 150 31 93 2 449 2 965 263 44 224 27 598 * Changes in working capital and net capital expenditure have been adjusted for the leasing assets that were transferred to inventory as a non cash flow item 16

FINANCIAL REVIEW CAPITAL EXPENDITURE R MILLION 2014 2013 EXPANSION 1 045 1 199 Industrial Equipment 667 565 Fleet Management and Logistics 378 539 Contract Mining and Plant Rental - 95 REPLACEMENT (NET OF PROCEEDS) 2 085 1 636 Industrial Equipment 189 285 Fleet Management and Logistics 1 144 744 Contract Mining and Plant Rental 752 607 TRANSFER TO INVENTORIES (681) (509) Net capital expenditure 2 449 2 326 17

FINANCIAL REVIEW FUNDING POSITION FUNDING FACILITIES (R MILLION) Facility size Utilised Unutilised RSA bank debt General banking facility 900 101 799 Liquidity facility 1 000 1 000 Term facility 2 628 2 628 ECE backed debt US Ex-Im and Coface 216 216 Call facility Asset manager 50 50 Total 4 794 2 995 1 799 RSA non-bank debt Bond Maturity date 3 419 CP Various 823 EQS01 18 Nov 2014 270 EQS02 22 Sep 2015 50 EQS04 01 Jul 2015 411 EQS09 28 Nov 2016 100 EQS05 25 Apr 2017 900 EQS06 09 Apr 2018 340 EQS07 09 Apr 2018 106 EQS08A 04 Oct 2018 Amortising 419 Total SA funding 6 414 Rest of world 1 720 1 488 232 Total funding 7 902 18

R million FINANCIAL REVIEW RSA DEBT MATURITY PROFILE 1 400 1 200 1 000 CP supported by a 13-month notice liquidity facility 800 600 400 200 Planned bond issue through private placement 0 1H2015 2H2015 1H2016 2H2016 1H2017 2H2017 1H2018 2H2018 1H2019 Overnight borrowings ECA Bonds Long-term facilities Commercial paper 19

FINANCIAL REVIEW FUNDING After year-end the short-term UK debt was refinanced with a GBP53 million 3 year facility with a substantial reduction in guarantees from SA R278 million bank debt maturing in March 2015 was extended by 3 years S&P downgraded Eqstra s long-term credit rating to zabbb+ in April 2014 based on their view that the group is exposed to the cyclical mining sector Plan to balance the groups exposure to SA mining to 30% of group revenue Negotiate contracts to cover larger fixed cost component to mitigate standing time Plan to raise about R250m through a private placement over the next quarter 20

FINANCIAL REVIEW DEBT DIVERSIFICATION SOUTH AFRICAN DEBT DIVERSIFICATION 3% GEOGRAPHICAL DEBT DIVERSIFICATION 9% 9% 42% 55% 82% Bank debt Capital market and CP ECAs South Africa Rest of Africa United Kingdom 21

DIVISIONAL REVIEW 22

DIVISIONAL REVIEW SEGMENTAL CONTRIBUTIONS 60% REVENUE-GENERATING ASSETS 60% REVENUE 50% 51% 47% 43% 48% 47% 45% 44% 40% 20% 16% 34% 17% 32% 20% 33% 23% 34% 40% 20% 28% 28% 24% 25% 29% 29% 27% 26% 0% 2011 2012 2013 2014 0% 2011 2012 2013 2014 Industrial Equipment Fleet Management and Logisics Contract Mining and Plant Rental 23

DIVISIONAL REVIEW INDUSTRIAL EQUIPMENT R MILLION 2014 2013 % ch Revenue-generating assets 2 286 1 949 +17.3% Inventories 917 772 +18.8% Other assets 690 624 +10.6% Operating assets 3 893 3 345 2014 2013 % ch Revenue 3 037 2 708 +12.1% EBITDA 780 636 +22.6% Operating profit 311 258 +20.5% Foreign exchange losses (5) (4) Net finance costs (153) (109) +40.4% Profit before taxation 153 145 +5.5% PBT margin 5.0% 5.4% EBITDA to net finance costs 5.1x 5.8x 24

DIVISIONAL REVIEW INDUSTRIAL EQUIPMENT Divisional revenue by segment (R3 037 million) 9% 3% Forklifts - SA 24% 41% Forklifts - UK Heavy equipment (trucks, cranes, port equipment) Truck mounted cranes, aerial platforms and waste compactors Others 23% 25

DIVISIONAL REVIEW INDUSTRIAL EQUIPMENT SA FORKLIFT MARKET (UNITS) 3 000 2 000 1 000 0 1Q 2007 1Q 2008 1Q 2009 UK FORKLIFT MARKET (UNITS) 9 000 6 000 3 000 0 1Q 2007 1Q 2008 1Q 2009 1Q 2010 1Q 2010 1Q 2011 1Q 2011 F2014: -19.2% Y-O-Y 1Q 2012 1Q 2013 1Q 2014 F2014: +11.0% Y-O-Y 1Q 2012 1Q 2013 1Q 2014 UK delivered a commendable performance achieving a 19% ROE in GBP SA delivered a solid financial performance despite a weak forklift market Achieved objective of reducing reliance on SA forklift business to below 50% of divisional revenue Re-signed the Toyota and BT distributorship agreement for a further 3 years and celebrating a 30 year partnership The Heavy Equipment business benefitted from a solid performance from Konecranes and improvement in Terex Trucks business unit The leasing to cash sales split in SA is now approximately 55/45 (previously 50/50) 26

DIVISIONAL REVIEW OUTLOOK Expecting SA forklift and heavy lift market to remain challenging, with the UK market increasing marginally Healthy order book for the long-term leasing book and cash sales Securing a new mobile crane distributorship Further growth opportunities in the UK Targeting further expansion of Konecranes into sub Sahara Africa and UK ORDER BOOK (R m) Jun 2012 2 192 Dec 2012 2 444 Jun 2013 2 872 Dec 2013 3 200 Jun 2014 3 396 0 500 1 000 1 500 2 000 2 500 3 000 3 500 27

DIVISIONAL REVIEW FLEET MANAGEMENT AND LOGISTICS R MILLION 2014 2013 % ch Revenue-generating assets 3 399 3 181 +6.9% Inventories 55 71 (22.5%) Other assets 614 398 +54.3% Operating assets 4 068 3 650 +11.5% 2014 2013 % ch Revenue 2 796 2 362 +18.4% EBITDA 1 105 986 +12.1% Operating profit 366 311 +17.7% Net finance costs (184) (156) +17.9% Profit before taxation 182 157 +15.9% PBT margin 6.5% 6.6% EBITDA to net finance costs 6.0x 6.3x 28

DIVISIONAL REVIEW FLEET MANAGEMENT AND LOGISTICS Divisional revenue by segment (R2 796 million) 7% 17% 25% 51% Fleet Management - passenger vehicles Fleet Management - commercial vehicles Logistics Fleet Management - Rest of Africa 29

Leasing units Value added units DIVISIONAL REVIEW FLEET MANAGEMENT AND LOGISTICS 20 000 15 000 10 000 5 000 UNIT GROWTH 140 000 120 000 100 000 80 000 60 000 40 000 20 000 A 33% unitary increase in sales of value-added products VAPs (GPS, managed maintenance, warranties) during the year Developed a successful supply chain partnership with a leading dealership group Loss making businesses have been closed with further consolidation of underperforming business units 0 2009 2010 2011 2012 2013 2014 0 Leasing VAPs 30

DIVISIONAL REVIEW OUTLOOK Annuity nature of business will ensure a defensive position in a challenging and competitive market The implementation of our new ERP system will drive future efficiencies and support progress towards reaching ROE targets Increase activity in government and parastatal outsource tenders We anticipate steady growth from an active African market ORDER BOOK (R m) Jun 2012 5 262 Dec 2012 Jun 2013 6 254 6 228 Dec 2013 Jun 2014 5 842 6 160 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 31

DIVISIONAL REVIEW CONTRACT MINING AND PLANT RENTAL R MILLION 2014 2013 % ch Revenue-generating assets 4 383 4 517 (3.0%) Inventories 145 102 +42.2% Other assets 1 066 1 070 (0.4%) Operating assets 5 594 5 689 (1.7%) 2014 2013 % ch Revenue 4 515 4 223 +6.9% EBITDA 1 112 1 259 (11.7%) Operating profit 239 473 (49.5%) Leasing assets impairment (2) (18) Net foreign exchange gains 2 10 Net finance costs (263) (273) (3.7%) Profit before taxation (24) 192 PBT margin (0.5%) 4.5% EBITDA to net finance costs 4.2x 4.6x 32

DIVISIONAL REVIEW CONTRACT MINING AND PLANT RENTAL Divisional revenue by segment (R4 515 million) 20% 3% SA contract mining 7% SA plant rental Rest of Africa contract mining Rest of Africa plant rental 70% 33

DIVISIONAL REVIEW CONTRACT MINING AND PLANT RENTAL FY09 FY10 FY11 FY12 FY13 FY14 COMMODITY DIVERSIFICATION 63% 84% 19% 16% 18% 35% 37% 28% 25% 49% 26% 24% 45% 31% 36% 38% 26% PGMs Energy Other & plant rental PBT negatively impacted by: 3 week industrial action (R135 million) Abnormal rainfall (R70 million) Contract termination costs (R20 million) Slow down in SA plant rental business exposed to mining sector New contracts secured (Aganang, Karowe and Rockwell) and will absorb off contract surplus equipment Existing contracts extended and additional volumes secured on some contracts Successful negotiation with Rio Tinto on compensation for the suspension of work at Benga. Contract has been changed to cover fixed costs for any future stoppages Loss making contracts ended (Wolwekrans and Nkomati) 34

DIVISIONAL REVIEW CLIENT MINING CONTRACTS COMMODITY LOCATION MONTHLY VOLUMES END DATE Platmin Pilanesberg Platinum Mine Platinum Northam, North West 1 000 000m³ 07/17 Angloplat Mogalakwena Mine Platinum Mokopane, Limpopo 400 000m³ 12/15 Tharisa Minerals Chrome Marikana, North West 1 500 000m³ 09/17 Khutala Colliery Coal Ogies, Mpumalanga 800 000m³ 02/15 Total Coal Dorsfontein East Coal Kriel, Mpumalanga 1 300 000m³ 01/16 Rio Tinto Benga Mine Coal Tete, Mozambique 2 100 000m³ 12/15 Sephaku - Aganang Mine 1 Lime stone Lichtenberg, North West 125 000m³ 03/17 Boteti - Karowe Diamond Mine 2 Diamonds Karowe, Botswana 403 000m³ 12/20 ¹ Start date September 2014 ² Start date November 2014 35

DIVISIONAL REVIEW OUTLOOK Global commodity prices to remain under pressure Two year SAFCEC wage agreement in place until August 2015 Division to benefit from the exit of underperforming and loss making contracts, however redeployment of surplus equipment will be challenging Change in ownership of two contracts have potential upside Repositioning of the plant rental business from short-term to long-term contracts ORDER BOOK (R m) Jun 2012 Dec 2012 Jun 2013 9 871 9 983 10 636 Dec 2013 6 170 Jun 2014 8 933 0 2 000 4 000 6 000 8 000 10 000 12 000 36

OUTLOOK 37

OUTLOOK GROUP OUTLOOK The group anticipates a weaker South African economy Earnings from leasing activities will remain defensive Continue to diversify our products, clients and geographic base in all our businesses We expect the combined divisional efforts will improve the groups ability to deliver acceptable returns to shareholders ORDER BOOK (R m) Jun 2012 2 192 5 262 9 871 Dec 2012 2 444 6 254 10 636 Jun 2013 2 872 6 228 9 983 Dec 2013 3 200 5 842 6 170 Jun 2014 3 396 6 160 8 933 0 5 000 10 000 15 000 20 000 Industrial Equipment Fleet Management and Logistics Contract Mining and Plant Rental 38

QUESTIONS 39