CITY LODGE HOTELS LIMITED - Trading statement

Trading statement

City Lodge Hotels Limited
“City Lodge” or the “Company”
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

Trading statement

In terms of the JSE Limited Listings Requirements, companies are
required to publish a trading statement as soon as they are
reasonably certain that the financial results for the current
reporting period will be more than 20% different than those of
the prior comparative period.

In this regard, shareholders are advised that, for the year
ended 30 June 2021, the Company expects to report:

•   basic and diluted earnings per share (“EPS”) - loss of
    between (155.8) cents to (165.4) cents compared to basic and
    diluted EPS of (440.0) cents for the year ended 30 June 2020
    (“FY2020”), representing a decrease of between 65% and 62% in
    EPS loss. EPS for FY2020 has been restated for IAS 33
    following the rights offer in August 2020 and was previously
    reported at (1 329.4) cents; and

•   basic and diluted headline earnings per share (“HEPS”) - loss
    of between (88.10) cents to (93.6) cents compared to basic
    and diluted HEPS of (128.4) cents for FY2020, representing a
    decrease of between 31% and 27% in HEPS loss. HEPS for FY2020
    has been restated for IAS 33 following the rights offer in
    August 2020 and was previously reported at (388.1) cents.

The basic and diluted EPS loss includes total impairment losses
of R420.1 million, related mainly to measurement to fair value
less cost to sell of the East African assets held for sale.

Shareholders are advised that the information on which this
trading statement is based has not been reviewed or reported on
by the Company’s auditors. City Lodge’s results for the year
ended 30 June 2021 will be released on SENS on or about 10
September 2021.

10 September 2021
Bryanston

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited

Date: 10-09-2021 07:05:00
Produced 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.