LABAT AFRICA LIMITED - Cautionary Announcement

Cautionary Announcement

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

CAUTIONARY ANNOUNCEMENT

Shareholders of Labat are advised that the Company is currently in advanced discussions
relating to the potential acquisition by Labat of two dry bulk logistics companies and a
raw material bulk carrier operating in the private sector. Accordingly, shareholders are
advised to exercise caution when dealing in the Company’s securities.

Johannesburg
10 December 2015

Sponsor
Arbor Capital Sponsors Proprietary Limited

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