W G WEARNE LIMITED - Trading statement

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

Wearne has been suspended since 2016 and has not released financial information to
shareholders as required by the JSE Limited (“JSE”).

Shareholders are referred to the SENS announcement released on 8 September 2022
regarding the restatement of the 28 February 2017 and 28 February 2016 results.

Wearne is currently finalising the release of its audited results for the year ended 28
February 2018.

In terms of section 3.4(b) of the Listings Requirements of the JSE, companies are
required to publish a trading statement as soon as they are satisfied that a reasonable
degree of certainty exists that the financial results for the period will differ by at least
20% from the financial results for the previous corresponding period.

The table below illustrates the ranges anticipated for the audited results for the year
ended 28 February 2018:

                  28 February         28 February 2018          % movement as
                 2017 (restated)           (cents)               compared to 28
                    (cents)                                       February 2017
                                                                    (restated)
Basic    loss   (9.79)               (10.3) – (12.6)         5% - 29%
per     share
from
continuing
operations
Basic           0.34                 0.09 – 0.12             65% – 74%
earnings per
share from
discontinued
operations
Headline        (14.48)              (4.8) – (5.8)           60% - 67%
loss      per
share from
continuing
operations
Headline        0.34                 0.09 – 0.12             65% - 74%
earnings per
share from
discontinued
operations


It is expected that the audited results for the year ended 28 February 2018 will be
released on SENS by mid September 2022.

The financial information on which this trading statement is based has not been
reviewed or reported on by the company`s auditors.


12 September 2022
Randfontein

Designated Advisor
Exchange Sponsors

Date: 12-09-2022 03:28:00
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.