LABAT AFRICA LIMITED - Change of External Auditors

Change of External Auditors

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat Africa" or "the Company")
ISIN Code: ZAE000018354 
Share Code: LAB
FSE Code: LEI 9845000R73DF5EE41J88


CHANGE OF EXTERNAL AUDITORS


In compliance with paragraph 3.78 of the JSE Listings Requirements, and the Companies Act, No.
71 of 2008, shareholders are advised that the Board of Directors of Labat Africa Limited ("the
Board") has after careful consideration resolved to:

   1. Terminate the appointment of Khumalo Xaba Xulu (KXX) as the Company's external
      auditors with effect from 23 September 2025.This decision follows the challenges
      experienced in completing the audit within the required reporting timelines and

   2. Appoint P Mapfumo Accountants and Auditors, as the Company's new lead external
      auditors, with effect from 23 September 2025.

Mrs Phossina Kaserera will be the Engagement Partner for the audit of the Company's financial
statement for the year end 31 May 2025 and will be supported by two additional IRBA registered
auditors, BG Nubong and Associates Inc and MGT Accounting and Consulting Inc and will also
utilise third party resources if needed for specific components of the audit, in order to meet the
tight deadlines set to complete the audit.

The Board would like to thank Khumalo Xaba Xulu (KXX) for their services to the Company over their
term of appointment.


JOHANNESBURG
26 September 2025

JSE Sponsor
Vunani Sponsors

Date: 26-09-2025 02:10:00
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