LABAT AFRICA LIMITED - Update cautionary announcement

Update 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


UPDATED CAUTIONARY ANNOUNCEMENT




The overall strategy of creating a large level 1 BEE logistics and transport group has been
positively received by shareholders, with potential investors indicating full commitment to
the strategy. There have been numerous approaches by traditional white owned,
logistics businesses to become part of the vision.

Shareholders are referred to the cautionary announcement issued on 11 March 2016,
which details other acquisitions and negotiations, and are updated as follows:

-    The due diligence exercises are ongoing on the Elf Trans and Marble Hall dry bulk
     acquisitions and the parties have commenced with the drafting of formal legal
     agreements;

-    Negotiations in relation to a fuel distribution business are at an advanced stage
     and the due diligence is almost complete and looks positive;

-    Two other fuel distribution opportunities are being assessed;

-    Negotiations are in an advanced stage to acquire a logistics business delivering
     coal to various Eskom power stations. This is in line with Labat’s focus on the local
     logistics market;

-    Truck and Vehicle hire, other opportunities have been identified in the local truck
     leasing and third party distribution and logistics areas and discussions have
     commenced.

As a result of the above, shareholders are accordingly advised to exercise caution in
dealing in their securities until further announcements are made.

Johannesburg
17 March 2016

Sponsor

Arbor Capital Sponsors Proprietary Limited

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