Trading statement AFRICAN AND OVERSEAS ENTERPRISES LIMITED (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”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, 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 current reporting period will differ by at least 20% from the financial results for the previous corresponding period. Shareholders are accordingly advised that: 1. AOE’s earnings per share are expected to increase by at least 20%, from earnings of 1.3 cents per share reported by AOE for the year ended 30 June 2017 to earnings of at least 1.6 cents per share for the year ended 30 June 2018; and 2. AOE’s headline earnings per share are expected to increase by at least 20%, from headline earnings of 3.3 cents per share reported by AOE for the year ended 30 June 2017 to headline earnings of at least 4.0 cents per share for the year ended 30 June 2018. Shareholders are further advised that AOE does not have reasonable certainty to provide guidance as to either the specific percentage and numbers, or the range and numbers, to describe the difference in the financial results in such periods. Once AOE obtains reasonable certainty in this regard it will issue a further trading statement. The information on which this trading statement has been based has not been reviewed or reported on by AOE’s auditors. 13 June 2018 Sponsor Java Capital Date: 13/06/2018 04:31:00 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.
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