PRESS RELEASE - assets.lightstoneauto.co.za

1 South African agricultural Machinery Association Suid-Afrikaanse Landboumasjinerieassosiasie Box/Posbus 1159 Edenvale 1610 South Africa/Suid-Afrika Telephone/Telefoon (011) 453-7249 Telefax/Telefaks (011) 453-9710 - PRESS RELEASE - 04-09-2020 August 2020: TRACTOR and COMBINE HARVESTER SALES Retail sales of agricultural equipment during August2020 were as follows: August tractor sales of 438 units were one unit more than the 437 units sold in August last year. On a year-to-date basis tractor sales are now only 3% down on the same period last year. In August there were 13 combine harvester sales, compared to no sales in August last year. On a year-to-date basis combine harvester sales are now 18% up on the same period last year. Although there were quality problems with some of the summer crops, due to the late rains, yields were generally good. This, together with good winter crop prospects and encouraging predictions for the forthcoming summer cropping season has led to overall sentiment in the agricultural industry being positive.

2 This trend is likely to continue in the short term. However, future sales levels will still be affected by the availability of older, lower-priced stock and the effect of the rand rate of exchange on future equipment prices. Overall estimates for the 2020 calendar year are now certainly looking better, with sales likely be at similar levels to those in 2019. Karel Munnik Chairman: South African agricultural Machinery Association Contact: Mr. Karel Munnik (082) 412-2577 or Dr. Jim Rankin (011) 453-7249 PercentageYear-to-datePercentagechangeAu gustchange20202019%20202019% 3953 Combine Harvesters130