MIDDLE EAST DIAMOND RESOURCES LIMITED - Trading statement

Trading statement

MIDDLE EAST DIAMOND RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: MED ISIN Code: ZAE000211876)
(“MEDR” or “the company”)

TRADING STATEMENT

MEDR has been suspended since 2016 and has not released certain required financial
information to shareholders.

Shareholders are referred to the SENS announcement released on 26 February 2021 regarding
the re-statement of the 31 August 2016 audited results.

Shareholders are advised that the company is currently finalizing its results for the six months
ended 31 August 2020, 31 August 2019, 31 August 2018 and 31 August 2017.

In terms of section 3.4(b) of the Listings Requirements of the JSE Limited, companies are
required to publish a trading statement as soon as they are satisfied that a reasonable degree of
certainty exists that the financial results for the period will differ by at least 20% from the financial
results for the previous corresponding period.

The table below illustrates the ranges anticipated for the results for the years ended 2017 - 2020

                31     August     31     August     %                 31 August 2018      %
                2016              2017              increase/(decre   (cents)             increase/(decrea
                (restated)        (cents)           ase)         as                       se) as compared
                (cents)                             compared to 31                        to 31 August
                                                    August 2016                           2017

Earnings per    (0.35)            (0.15) - (0.18)   48%-58%           (0.22) – (0.27)     (47%) – (50%)
share
Headline Loss   (0.35)            (0.15) - (0.18)   48%-58%           (0.22) – (0.27)     (47%) – (50%)
per share

                31     August     %                 31 August 2020    %
                2019              increase/(dec     (cents)           increase/(decrea
                (cents)           rease)      as                      se) as compared
                                  compared to                         to 31 August
                                  31     August                       2020
                                  2019

Loss      per   (0.24) - (0.29)   (7%) – (9%)       (0.30) – (0.37)   (25%) – (28%)
share
Headline Loss   (0.24) - (0.29)   (7%) – (9%)       (0.30) – (0.37)   (25%) – (28%)
per share

The financial information on which this trading statement is based has not been reviewed or
reported on by the company`s auditors.


26 February 2021
Sandton

Sponsor
Exchange Sponsors

Date: 26-02-2021 09:45:00
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