Short form announcement: Unaudited Interim Results for the six months ended 29 February 2020 LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat”, “the Group” or “the Company”) SHORT FORM ANNOUNCEMENT: UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 29 FEBRUARY 2020 Salient Features Extracted from the unaudited interim consolidated financial statements: 6 months ended 6 months ended 29 February 28 February 2020 2019 Unaudited Unaudited Difference R’000 R’000 Percentage Revenue 219 490 312 151 (29.7)% Operating Profit 7 734 504 1434.5% Headline earnings per share (3.04) (1.75) (73.7)% Earnings per share 0.70 (1.21) 157.9% Net Asset Value Per Share 16.76 12.12 38.3% Short-Form Announcement The short-form announcement is the responsibility of the directors and is only a summary of information in the full announcement which is available on the Company’s website at http://www.labat.co.za. This announcement does not contain full or complete details and any investment decisions by investors and/or shareholders should be based on consideration of the published SENS available on: https://senspdf.jse.co.za/documents/2020/JSE/ISSE/LAB/LABUIR20.pdf Copies of the full announcement may be requested from the Company (info@labat.co.za) or inspected at the registered office and/or the Sponsors’ office, at no charge, during office hours with prior arrangement until the lock down has been lifted. For and on behalf of the Board BG van Rooyen GRI Walters Chief Executive Officer Financial Director Johannesburg 28 April 2020 Directors: BG van Rooyen*, DJ O’Neill*, GRI Walters*, M Stringer*, NS Mogapi^, RM Majiedt^, R Rustum^, BA Penny^ Executive*, Independent non-executive^ Company Secretary: Arbor Capital Company Secretarial Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709 Sponsor: Arbor Capital Sponsors Transfer Secretary: Computershare Investor Services Proprietary Limited Date: 28-04-2020 05:31:00 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.