Trading statement – half year ended 31 December 2017 Choppies Enterprises Limited (Registration number 2004/1681) JSE share code: CHP BSE share code: CHOPPIES ISIN: BW0000001072 Tax reference number: C08710401018 ("Choppies" or the "Company") TRADING STATEMENT – HALF YEAR ENDED 31 DECEMBER 2017 Choppies is currently finalising its results for the six month period ended 31 December 2017 ("current reporting period"), which are expected to be released on BSE and SENS on 21 March 2018. Shareholders are advised that the Company’s earnings per share ("EPS") for the current reporting period are expected to increase to between 5.65 thebe and 6.10 thebe per share. This is an increase of between 25% and 35% in comparison to the EPS of 4.52 thebe reported in the previous corresponding period. The Company’s headline earnings per share ("HEPS") are expected to increase to between 5.42 thebe and 5.88 thebe per share, an increase of between 20% and 30% in comparison to the HEPS of 4.52 thebe in the previous corresponding period. The increase in HEPS and EPS has been driven mainly by an improved performance by the South African operations. The financial information on which this trading statement is based has not been reviewed or reported on by the Company’s external auditor. Shareholders are advised to exercise caution when dealing in the Company’s shares. The Company’s primary listing is on the Botswana Stock Exchange and its secondary listing is on the Johannesburg Stock Exchange. 26 February, 2018 BSE Sponsoring Broker African Alliance Botswana Limited JSE Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Plot 169, Gaborone International Commerce Park, Private Bag 00278, Gaborone, Botswana, Tel: +2673186657/8 Fax: +267 3180252 www.choppies.co.bw Directors : H.E.Festus G Mogae (Chairman), Mr. Farouk Ismail (Deputy Chairman), Mr. Ramachandran Ottapathu ( CEO), Mr. Sanooj Pullarote, Mr. Sydney Alan Muller, Mr. Ronald Tamale, Mr. Robert N Matthew and Mrs Dorcas Kgosietsile Date: 26/02/2018 04:00:00 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.