AFRICAN & OVERSEAS ENTERPRISES LIMITED - Trading statement

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" or "the Group")


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 a reasonable degree of certainty exists that:

1.    AOE’s earnings per share ("EPS") will decrease by at least 20%, from earnings of 176.7 cents per share
      reported by AOE for the year ended 30 June 2019 to earnings of less than 141.4 cents per share for the
      year ended 30 June 2020; and

2.    AOE’s headline earnings per share ("HEPS") will decrease by at least 20%, from headline earnings of
      44.1 cents per share reported by AOE for the year ended 30 June 2019 to headline earnings of less than
      35.3 cents per share for the year ended 30 June 2020.

The information on which this trading statement has been based has not been reviewed or reported on by the
Group’s auditors.

The annual financial results for the year ended 30 June 2020 are anticipated to be released on or about
30 September 2020.

3 September 2020

Sponsor
Java Capital

Date: 03-09-2020 01:45:00
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