Renewal of Cautionary Announcement LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat” or “the company” or “the Group”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the various cautionary announcements published on SENS in relation to the disposal of Force Fuel (Pty) Ltd (“Force Fuel”) and Force Fuel Properties (Pty) Ltd (“Force Fuel Properties”) (both in Business Rescue) and the negotiations with an Eastern Cape based Pharmaceutical business to acquire 100% of its operations, the last of which was dated 12 February 2021. Shareholders are advised that a creditors’ meeting at which the final offers received for Force Fuel and Force Fuel Properties will be considered will take place at 11h00 on Thursday, 1 April 2021. An announcement regarding the outcome of the creditors’ vote will be made as soon the required funding/proof of funding has been received from the successful bidder. Shareholders are advised to continue exercising caution when trading in the company’s shares until such time as further announcements in respect of the above corporate actions are made. JOHANNESBURG 29 March 2021 _____________________________________________________________________________________________ Sponsor AcaciaCap Advisors Proprietary Limited Date: 29-03-2021 04:49:00 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.