LABAT AFRICA LIMITED - Trading Statement for the Six Months Ended 28 February 2021

Trading Statement for the Six Months Ended 28 February 2021

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat Africa” or “the Company”)
SIN Code: ZAE000018354 Share Code: LAB

TRADING STATEMENT FOR THE SIX MONTHS ENDED 28 FEBRUARY 2021

In terms of paragraph 3.4(b) of the Johannesburg Stock Exchange’s Listing Requirements, a listed
company is required to publish a trading statement as soon as it is satisfied that a reasonable degree
of certainty exists that the financial results for the period to be reported upon next will differ, by at
least 20%, from those of the previous corresponding period.

Shareholders are reminded that the Force Fuel business was deconsolidated in accordance with
IFRS 5 in the prior financial year and that the Company’s operations comprise the technology
business through SAMES, the bulk logistics business and the healthcare business.

Shareholders are advised as follows:

-   The basic loss per share (“LPS”) for the six- month period ended 28 February 2021 will decline by
    more than 100%, moving from a restated LPS of (1.2) cents for the six-month period ended 29
    February 2020 to a LPS of (4.5) cents per share.
-   The headline loss per share (“HLPS”) for the six month period ended 28 February 2021 will decline
    by 50%, moving from a restated HLPS of (3.0) cents for the six-month period ended 29 February
    2020 to a HLPS of (4.5) cents.

The financial information contained herein has not been reviewed and reported on by the group’s
external auditors.

JOHANNESBURG
2 July 2021

Sponsor
AcaciaCap Advisors

Date: 02-07-2021 03:05:00
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