Trading statement W G WEARNE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005983/06) (Share Code: WEA ISIN Code: ZAE000078002) (“Wearne” or “the Company”) Trading Statement In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are required to publish a trading statement as soon as a reasonable degree of certainy exists that the financial results for the period to be reported on will differ by more than 20% from the previous corresponding period. Shareholders are advised that Wearne is currently in the process of finalising its results for the the six months ended 31 August 2016. It is anticipated, with a reasonable degree of certainty, that Wearne will reflect a basic loss per share and a headline loss per share of between 2.05 cents and 1.70 cents per share (basic loss of 0.22 cents per share and headline loss of 0.45 cents per share for the six months ended 31 August 2016) which equates to a decline in the basic loss per share and headline loss of more than 100% . The financial information on which this trading statement is based has not been reviewed by Wearne’s auditors. The Company’s results for the six months ended 31 August 2016 are expected to be released at the end of November 2016. 24 November 2016 Randburg Designated Advisor Exchange Sponsors Date: 24/11/2016 08:39:00 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.