Clarification– abridged unaudited group financial results for six months ended 31 December 2019 and 31 December 2018 CHOPPIES ENTERPRISES LIMITED Registration number 2004/1681 ISIN:BW0000001072 JSE SHARE CODE: CHP BSE SHARE CODE: CHOPPIES Tax Reference Number: C08710401018 “Choppies” or the “Company” or “the Group” CLARIFICATION – ABRIDGED UNAUDITED GROUP FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2019 AND 31 DECEMBER 2018 Shareholders are referred to the abridged unaudited Group financial results for the six months ended 31 December 2019 (“December 2019 abridged results announcement”) and 31 December 2018 (“December 2018 abridged results announcement”) both released on SENS on 24 July 2020. The Board would like to draw the following to the attention of Shareholders:- - The disclosure of the Group’s results for December 2019 are impacted by the decision of the Board to discontinue or dispose of its operations in South Africa, Kenya, Tanzania, and Mozambique. Accordingly, the results of these operations are disclosed in terms of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. - Consequently, the information presented in the December 2019 abridged results announcement, including that for EPS and HEPS, relates only to the continuing businesses. - Additionally, both the December 2019 abridged results announcement and December 2018 abridged results announcement included minor misstatements in the HEPS information. - We now present both the continuing and discontinuing per share information for purposes of the December 2019 abridged results announcement and correct the minor misstatements made in both the December 2019 abridged results announcement and December 2018 abridged results announcement, as set out below. December 2019 abridged results announcement Per Share information (unaudited) Dec-19 Dec-18 Change As As As All amounts in Thebe Amended reported Amended reported Amended reported on SENS on SENS on SENS Earnings per share (9.5) (4.0) 136% Continuing operations 5.2 5.2 5.8 5.8 (10%) (10%) Discontinuing operations (14.7) (9.8) 49% Headline earnings per share (9.3) (2.6) 260% Continuing operations 5.4 5.5 7.0 7.3 (22%) (25%) Discontinuing operations (14.7) (9.6) 54% December 2018 abridged results announcement Per Share information (unaudited) Dec-18 Dec-17 Change As As As All amounts in Thebe Amended reported Amended reported Amended reported on SENS on SENS on SENS Earnings per share (4.0) (4.0) 5.5 5.4 (173%) (174%) Headline earnings per share (2.6) (2.2) 5.4 5.4 (148%) (141%) The rest of the information, including the directors’ responsibility statement and disclaimers, as it appears in both the December 2019 abridged results announcement and the December 2018 abridged results announcement remains correct. Sponsors: Stockbrokers Botswana Ltd Plot 67978, Ground Floor, East Wing, Mokolwane House, Fairgrounds, Gaborone, Botswana Telephone: +267 395 7900 Rand Merchant Bank (A division of First Rand Bank Limited) 1 Merchant Place, Corner of Fredman Drive and Rivonia Road, Sandton, 2196 Telephone: (011) 282 8231 The Company’s primary listing is on BSEL and its secondary listing is on JSE. 30 July 2020 Date: 30-07-2020 03:30:00 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.