AFRICAN & OVERSEAS ENTERPRISES LIMITED - Audited consolidated financial results for the year ended 30 June 2026

Audited consolidated financial results for the year ended 30 June 2026

African and Overseas Enterprises Limited
Listed on the General Segment of the Main Board
(Incorporated in the Republic of South Africa)
(Registration Number: 1947/027461/06)
JSE share code: AOO ISIN: ZAE000000485
JSE share code: AON ISIN: ZAE000009718
JSE share code: AOVP ISIN: ZAE000000493
("AOE" or the "Company")


AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2026


AOE is an investment holding company incorporated in South Africa and listed on the JSE Limited ("JSE") in the "apparel
retailers" sector. The company has investments in fashion retail, property, media logistics, technology and water
infrastructure.

FINANCIAL HIGHLIGHTS

  -   Revenue increased by 9.3% to R954.5 million (2025: R873.6 million)
  -   Gross profit margin % decreased to 53.7% (2025: 54.9%)
  -   Operating profit decreased by 24.6% to R55.8 million (2025: R74.0 million)
  -   Earnings per share decreased by 72.4% to 29.3 cents (2025: 106.4 cents)
  -   Headline earnings per share decreased by 67.7% to 35.6 cents (2025: 110.0 cents)
  -   Net asset value per share increased by 10.9% to R21.62 (2025: R19.49)
  -   Ordinary dividend per share paid amounted to nil cents (2025: nil cents)

This announcement is the responsibility of the company's directors and is only a summary of the information contained
in the audited consolidated annual financial statements for the year ended 30 June 2026 ("2026 AFS") and does not include
full or complete details. Any investment decisions by investors and/or shareholders should be based on the 2026 AFS,
which has been released on SENS and is available on the company website.

The 2026 AFS including the audit opinion of the external auditor, Forvis Mazars, which sets out the key audit matters and
the basis for its unmodified opinion, are available on the JSE website at:
https://senspdf.jse.co.za/documents/2026/jse/isse/AOO/FY2026.pdf and on the company website at:
https://static.rextrueform.com/aoe-website/2026/Financial%20Reports/Annual%20Financial%20Statements.pdf.

Copies of the 2026 AFS results may also be requested by emailing the company secretary directly at
hello@rextrueform.com or at the company's registered office.

MR Molosiwa                                             MA Golding
(Chairman)                                              (Chief Executive Officer)

Cape Town
23 September 2026

DIRECTORATE AND STATUTORY INFORMATION

Independent Non-Executive Directors     Transfer Secretaries
MR Molosiwa (Chairman)                  Computershare Investor Services Proprietary Limited
PM Naylor                               Rosebank Towers
HB Roberts                              15 Biermann Avenue
B Ntshingwa                             Rosebank
                                        2196
Executive Directors
MA Golding (Chief Executive Officer)    Sponsor
WD Nel (Financial Director)             Java Capital
                                        6th Floor
Company Secretary                       1 Park Lane
A Gihwala                               Weirdo Valley
                                        Sandton
Registered Office                       2196
11 Byrnes Avenue
Wynberg
Cape Town
7800

WEBSITES

www.rextrueform.com
www.queenspark.com
www.telemedia.co.za
www.saww.co.za
www.aisport.africa
www.byteorbit.com
Date: 23/09/2026 05:15:00
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