CHOPPIES ENTERPRISES LIMITED - Trading statement

Trading statement

CHOPPIES ENTERPRISES LIMITED
Registration number 2004/1681
ISIN:BW0000001072
JSE SHARE CODE: CHP
BSE SHARE CODE: CHOPPIES
Tax Reference Number: C08710401018
“Choppies” or the “Company” or “the Group”

TRADING STATEMENT

In terms of the Listings Requirements of the Botswana Stock Exchange (“BSE”) and the Johannesburg Stock Exchange (“JSE”) ,
companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported next on will differ by more than 10% (in the case of the BSE) or more than 20% (in the case of the JSE) from
the financial results reported for the previous corresponding period.

Choppies is currently finalising its financial results for the year ended 30 June 2020 (“FY2020”) and expects the FY2020 financial
results to fall within the following ranges:-.

The Company is expecting profit before tax to be between P102m and P108m compared to the reported profit before tax for the
previous corresponding period of P30m, which represents an increase of between 240% and 260% on the profit before tax for the
previous corresponding period.

The Thebe per share ranges are as detailed below:-
                                                                                       FY2020                   FY2019

                                                                                       Expected range (thebe    As reported (thebe per
                                                          Expected range %             per share)               share)


Basic earnings per share                                  (26%) - (6%)                 (22.3) - (28.3)          (30.2)
 Continuing operations                                    789% - 811%                  8.0 - 8.2                0.9
 Discontinued operations                                  (3%) - 17%                   (30.3) - (36.5)          (31.1)


Headline Earnings per share                               (51%) - (31%)                (12.7) - (17.8)          (25.8)
 Continuing operations                                    214% - 236%                  8.8 - 9.4                2.8
 Discontinued operations                                  (25%) - (5%)                 (21.5) - (27.2)          (28.6)


The estimated financial information on which this trading statement is based has not been reviewed nor reported on by the Group’s
external auditors.

Accordingly, shareholders are advised to exercise caution when trading in the Company’s securities until such time as the audited
results are released. The Company expects to release its audited financial results for FY2020 on 25 September 2020.

The Company’s primary listing is on the BSE and its secondary listing is on the JSE.

21 September 2020

Sponsors:
Stockbrokers Botswana Ltd
Plot 67978, Ground Floor, East Wing, Mokolwane House, Fairgrounds, Gaborone, Botswana Telephone: +267 395 7900

Rand Merchant Bank (A division of FirstRand Bank Limited)
1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196 Telephone: (011) 282 8231

Date: 21-09-2020 03:00:00
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