SALUNGANO GROUP LIMITED - Further delay in the publication of the company's financial results for the year ended 31 March 2023

Further delay in the publication of the company's financial results for the year ended 31 March 2023

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG
ISIN: ZAE000306890
(“Salungano Group” or the “Company”)

FURTHER DELAY IN THE PUBLICATION OF THE COMPANY'S FINANCIAL RESULTS FOR
THE YEAR ENDED 31 MARCH 2023

Shareholders are referred to the announcement released on SENS on 30 June 2023, advising that
due to an unforeseen delay in the finalisation of the audit process, specifically relating to the
finalisation of the Company’s funding refinancing agreements (“refinancing process”), the
publication of Salungano Group’s financial results for the year ended 31 March 2023 (“FY2023”)
would be delayed.

The Company is pleased to confirm that the refinancing process has advanced significantly, with
consensus on key commercial terms being reached, subject to the lenders’ credit approval.
Therefore, the audit could not be finalised in time for the release of the statements by 31 July 2023,
as intended and announced.

The FY2023 financial results and FY2023 Integrated Annual Report will therefore be released as
soon as the audit has been finalised, but by no later than Thursday, 31 August 2023.

Further to the announcement released on SENS on 3 July 2023 in relation to the resignation of
three directors, Salungano Group confirms that the board of directors (the “Board”) has initiated a
comprehensive process to identify suitable independent non-executive directors for appointment
to the Board and shareholders will be advised once such appointments have been finalised.

28 July 2023

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

IR Advisor: Singular Systems IR

Date: 28-07-2023 05:05:00
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