PHUMELELA GAMING & LEISURE LIMITED - Renewal of cautionary announcement

Renewal of cautionary announcement

Phumelela Gaming & Leisure Limited
(Registration number 1997/016610/06)
(Incorporated in the Republic of South Africa)
Share Code: PHM ISIN: ZAE000039269
(“Phumelela” or “the Company” or “the Group”)

Renewal of cautionary announcement

The Company remains under cautionary due to:

    a. continuing negotiations with the Gauteng Member of the Executive Council responsible for
        Economic Development, Agriculture and Environment and the Gauteng Gambling Board
        pertaining to amendments to the Gauteng Gambling Regulations; and

    b. discussions and negotiations regarding the restructure and/or refinancing of its business.

These negotiations and discussions are being pursued urgently and are ongoing, despite the national
lockdown, the outcome of which may have a material effect on the price of the Company’s securities.

Shareholders are advised to continue to exercise caution when dealing in the Company's securities.


Turffontein
8 April 2020

Sponsor: Investec Bank

Date: 08-04-2020 03:30:00
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