Further trading statement LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the company”) ISIN Code: ZAE000018354 Share code: LAB FURTHER TRADING STATEMENT In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange, listed companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the next period to be reported on will be more than 20% different from those of the previous corresponding period or from a profit forecast previously provided to the market in relation to such period. Further to the initial trading statement published on 29 May 2015, shareholders are advised that the company will be reporting a profit for the year ended 28 February 2015 compared to a loss for the prior year ended 28 February 2014. The company accordingly advises as follows: . the earnings per share is expected to move to 0.59 cents per share for the year ended 28 February 2015 from a loss of (3.46) cents per share for the prior period representing an improvement of 117%; . the earnings per share from continuing operations is expected to move to 0.42 cents per share for the year ended 28 February 2015 from a loss of (3.03) cents per share for the prior period representing an improvement of 114%; . the headline earnings per share is expected to move to 0.61 cents per share for the year ended 28 February 2015 from a loss of (3.35) cents per share for the prior period representing an improvement of 118%; . the headline earnings per share from continuing operations is expected to move to 0.40 cents per share for the year ended 28 February 2015 from a headline loss of (3.02) cents per share for the prior period representing an improvement of 113%; The Company expects to publish its reviewed results on Monday, 15 June 2015. The financial information, on which this trading statement is based, has not been reviewed or reported on by the company’s auditors. Johannesburg 12 June 2015 Designated Advisor Arbor Capital Sponsors Proprietary Limited Date: 12/06/2015 05:17:00 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.