CHOPPIES ENTERPRISES LIMITED - Cautionary Announcement and Closed Period

Cautionary Announcement and Closed Period

CHOPPIES ENTERPRISES LIMITED
(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
ISIN: BW0000001072
BSE SHARE CODE: CHOPPIES
JSE SHARE CODE: CHP
Tax Reference Number: C08710401018
(“Choppies” or the “Company”)


                         CAUTIONARY ANNOUNCEMENT AND CLOSED PERIOD


CAUTIONARY ANNOUNCEMENT

The Listings Requirements of the Botswana Stock Exchange (“BSE”) requires the Company to announce any
circumstances or events that have or are likely to have a material effect on market activity or the price or
value or trading of the Company’s securities.

The board of directors of Choppies (“Board”) hereby advises all shareholders that the Company has entered
into discussions regarding a possible acquisition of 100% of the issued shares in a Botswana based company,
operating a fast-moving consumer goods (“FMCG”) business (“Possible Acquisition”), which, if successfully
concluded, could have an impact on the Company's share price.

The Possible Acquisition, which is subject to certain conditions, including but not limited to, approval from the
Competition and Consumer Authority, is aligned to the strategic intent of Choppies to expand its operations
in the jurisdictions in which it currently operates.

Shareholders are cautioned that there is no certainty at this stage that the discussions will lead to a formal
transaction being concluded.

Accordingly, shareholders are advised to exercise caution when trading in their Choppies shares until a
further announcement is made.

CLOSED PERIOD

As a result of the Possible Acquisition and the above cautionary announcement, Choppies will be entering a
closed period in terms of the BSE Listings Requirements from the date of this announcement until the full
terms of the Possible Acquisition have been announced (subject to any other closed period in terms of the
BSE Listings Requirements which may arise). During this period, members of the Board, management, and
staff of Choppies are prohibited from dealing in any manner, directly or indirectly in the securities of the
Company. The Company will communicate any changes to this moratorium in writing in due course. This
notice is applicable to registered stockbrokers and transfer secretaries to ensure compliance.

The Company has a primary listing on the BSE and a secondary listing on the JSE Limited.

23 January 2023

BSE Sponsoring Broker                                                JSE Sponsor
Stockbrokers Botswana Limited                                        PSG Capital

Date: 23-01-2023 02:30:00
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.