LABAT AFRICA LIMITED - Reviewed Interim Results for the Six Months ended 28 February 2021

Reviewed Interim Results for the Six Months ended 28 February 2021

LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
(“Labat”, “the Group” or “the Company”)


SHORT FORM ANNOUNCEMENT: REVIEWED INTERIM RESULTS FOR THE SIX MONTHS ENDED 28 FEBRUARY
2021


Salient Features
Extracted from the reviewed interim consolidated financial statements for the six months ended 28
February 2021:

                                                                    6 months ended
                                             6 months ended            29 February
                                                28 February                   2020
                                                       2021              Unaudited           Difference
                                                   Reviewed               Restated           Percentage
                                                      R’000                  R’000
 Revenue                                             21 403                219 490                (90)%
 Operating (loss) / profit                          (18 106)                   134            (13 611)%
 Loss per share (cents)                                (4.5)                  (1.2)              (275)%
 Headline loss per share                               (4.5)                  (3.0)               (50)%
 Net Asset Value Per Share (cents)                     17.0                   14.8                  15%

Short-Form Announcement
The short-form announcement is the responsibility of the directors and is only a summary of
information contained in the reviewed interim results for the six months ended 28 February 2021 (“Full
Announcement”) and does not contain full or complete details of the financial results. Any
investment decisions by investors and/or shareholders should be based on consideration of the Full
Announcement available on the Company’s website at https://www.labat.co.za and on:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/LAB/LABRIR21.pdf

Copies of the full announcement may be requested from the Company (info@labat.co.za) or
inspected at the registered office and/or the Sponsors’ office, at no charge, during office hours with
prior arrangement until the lock down has been lifted.

These interim results were reviewed following the qualified opinion contained in the results for the
year ended 31 August 2020 for the discontinuing operations of Force Fuel, which audit had not been
concluded by the auditor of Force Fuel at that time. These results were reviewed by Nexia SAB&T and
their unmodified review conclusion is available at the Company’s registered office by prior
appointment.

For and on behalf of the Board

BG van Rooyen                                                                             GRI Walters
Chief Executive Officer                                                             Financial Director

Johannesburg
2 July 2021

Directors:
BG van Rooyen*, DJ O’Neill*, GRI Walters*, M Stringer*, RM Majiedt^, R Rustum^, BA Penny^
Executive*, Independent non-executive^
Company Secretary: Light Consulting Proprietary Limited
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: AcaciaCap Advisors Proprietary Limited
Transfer Secretary: Computershare Investor Services Proprietary Limited

Sponsor
AcaciaCap Advisors

Date: 05-07-2021 08:47:00
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