LABAT AFRICA LIMITED - Update on Previously Announced Transaction

Update on Previously Announced Transaction

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB

UPDATE ON PREVIOUSLY ANNOUNCED TRANSACTION


Shareholders are referred to the announcement dated 5 September 2019 regarding the potential
acquisition of 70% of a seeds and genetics business, known as Knuckle Genetics.

The Company advises that it is still in discussions with the parties. However, it is unlikely this will result
in an acquisition but rather a strategic relationship or consultancy arrangement.


Johannesburg
16 March 2020

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 16-03-2020 12:22:00
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