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 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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