Voluntary announcement on the acquisition of a controlling stake in Kufika Transport Proprietary Limited 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 VOLUNTARY ANNOUNCEMENT ON THE ACQUISITION OF A CONTROLLING STAKE IN KUFIKA TRANSPORT PROPRIETARY LIMITED (“Kufika Transport”), GENERAL UPDATE AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Acquisition of Kufika Transport Labat, the listed BEE transport and logistics group has further increased its logistics capacity and capability with the acquisition of a 55% stake in privately owned Kufika Transport, a transport and logistics company based in Nigel. Kufika Transport offers a host of logistic management services and supply chain solutions. The two brothers Pieter and Adriaan Aucamp the founders and owners of Kufika have over 30 years’ experience in the transport and logistics field, They started the very successful Transmac logistics and the Transmac group. “This transaction will give us the much needed BEE credentials to grow the business significantly” says Adriaan Aucamp director of Kufika. Brian Van Rooyen CEO of Labat Africa said “Teaming up with the Kufika will further enhance and strengthen Labat's ability to meet the challenges in respect of delivery” “The last couple of months have been a challenge to keep up with the amount of work which we have won mainly because of our BEE credentials” he added. It is envisaged that the deal will secure a core owned fleet of about 100 vehicles to service existing and new business. The transaction will also provide the platform to consolidate the joint operation into the areas of agriculture, petro chemicals, dry bulk as well as certain FMCG areas which are currently undertaken by both companies. Van Rooyen said that the group has been looking at a number of potential targeted acquisitions and will continue exploring opportunities in order to bolster the operations, General update Meanwhile Labat is also pleased to announce that Andre Ackerman and Cassie Van Der Bank formally of Chrome Carriers have joined Labat to strengthen our team They come with a wealth of experience in the transport and Logistics sector having worked for Super Group, the Imperial group, ISCOR and Trencor, amongst others. Andre was responsible for an R500m budget per annum, managing a fleet of about 270 vehicles and controlling a staff compliment of 380 employees. Their combined expertise will further boost the operational capacity of Labat. Andre will be based in Richards Bay and will be responsible for the operations from the coast inwards whilst Cassie will be based at the operations in Nigel. Withdrawal of cautionary announcement Shareholders are referred to the renewal of cautionary announcement released on 12 June 2017 and are advised that the Company is now withdrawing the cautionary announcement. 12 July 2017 Johannesburg Sponsor Arbor Capital Sponsors Proprietary Limited Date: 12/07/2017 03:23:00 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.