Trading statement AFRICAN & OVERSEAS ENTERPRISES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 (“AOE”) TRADING STATEMENT In terms of the Listing 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 current reporting period will differ by at least 20% from the financial results for the previous corresponding period. Accordingly, shareholders are advised that: 1. the earnings per share for the year ended 30 June 2015 will be 103.8 cents per share, being 270% higher than the loss of 60.9 cents per share for the year ended 30 June 2014; and 2. the headline earnings per share for the year ended 30 June 2015 will be 90.3 cents per share, being 270% higher than the headline loss of 53.0 cents per share for the year ended 30 June 2014. The financial results on which this trading statement is based have not been reviewed or reported on by AOE’s auditors. The reviewed condensed consolidated preliminary financial results for AOE for the year ended 30 June 2015 will be released on SENS on 7 September 2015. 3 September 2015 Sponsor Java Capital Date: 03/09/2015 04:15:00 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.