CROOKES BROTHERS LIMITED - Trading Statement

Trading Statement

 Crookes Brothers Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1913/000290/06)
 Share code: CKS ISIN: ZAE000001434
 ("the Company" or "the Group")

Trading statement

In terms of the JSE Limited Listings Requirements, a company is required to publish a trading statement
as soon as it becomes aware that the financial results for the next period to be reported on will differ by
at least 20% or more from those of the previous corresponding period.

For the interim period ended 30 September 2023, shareholders are advised that:

 •   Basic earnings per share is expected to be 326.8 cents per share (September 2022: basic loss
     192.1 cents per share); and
 •   Headline earnings per share is expected to be 321.2 cents per share (September 2022: headline
     loss 193.7 cents per share).

The increase in earnings is mainly attributable to an improvement in prices in the Group's sugar cane
and banana operations, as well as a reduction in fertiliser and other agricultural input costs, compared
to the previous corresponding period.

The financial information on which this trading statement is based is the responsibility of the directors
of the Company and has not been reviewed or reported on by the Group's independent external auditor.

The Company's interim results for the period ended 30 September 2023 will be published on or about
29 November 2023.

Durban

24 November 2023

JSE Sponsor to Crookes Brothers

Questco Corporate Advisory (Pty) Ltd

Date: 24-11-2023 03:00:00
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