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 "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:

1.    AOE’s earnings per share ("EPS") will decrease by 104.0%, from earnings of 70.7 cents per share
      reported by AOE for the six months ended 31 December 2019 to earnings of (2.8) cents per share for
      the six months ended 31 December 2020; and

2.    AOE’s headline earnings per share ("HEPS") will decrease by 92.4%, from headline earnings of 70.7
      cents per share reported by AOE for the six months ended 31 December 2019 to headline earnings of
      5.4 cents per share for the six months ended 31 December 2020.

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

The interim financial results for the six months ended 31 December 2020 are anticipated to be released on or
about 26 March 2021.

19 March 2021


Sponsor
Java Capital

Date: 19-03-2021 05:00:00
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