LABAT AFRICA LIMITED - Extension of time to post a circular relating to the acquisition of RTG

Extension of time to post a circular relating to the acquisition of RTG

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


EXTENSION OF TIME TO POST THE CIRCULAR TO SHAREHOLDERS RELATING TO THE ACQUISITION
OF A 100% INTEREST IN REINHARDT TRANSPORT GROUP PROPRIETARY LIMITED (“RTG”) BY LABAT
(“Proposed Acquisition”)


On 12 June 2015, Labat released an announcement in terms of which the Company’s
shareholders were advised of the final terms of the Proposed Acquisition (“Final Terms
Announcement”).

As the Proposed Acquisition is classified as a Category 1 transaction and a reverse listing in
terms of the JSE Limited (“JSE”) Listings Requirements, Labat is required to dispatch a circular
to shareholders (“Circular”) within 60 days of the Final Terms Announcement. Furthermore,
the Circular must include audited historical financial information for RTG for the three years
preceding the date of the Circular. It is anticipated that the first draft of the annual financial
statements of RTG for the year ended 31 July 2015 will be completed on or about 31 August
2015, thus only enabling a first submission of the Circular to the JSE around the first week of
September 2015.

Due to time constraints between the release of the Final Terms Announcement and RTG’s
ensuing year end date, as well as a handover of audit from RTG’s previous auditors to Nexia
SAB&T, who have been appointed by Labat as reporting accountants in relation to the
requisite historical financial information, the Company has requested the JSE an extension to
post the Circular on or about 5 October 2015, which falls outside the 60 day stipulated time
frame.

Shareholders are accordingly advised the JSE has granted the Company an extension to
post the circular by no later than 5 October 2015.

Johannesburg
30 July 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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