Renewal of Cautionary LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 (“Labat” or “the company” or “the Group”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the various cautionary announcements published on SENS in relation to the disposal of Force Fuel (Pty) Ltd (“Force Fuel”) and Force Fuel Properties (Pty) Ltd (“Force Fuel Properties”) (both in Business Rescue) and the negotiations with an Eastern Cape based Pharmaceutical business to acquire 100% of its operations, the last of which was dated 29 March 2021. The Force Fuel and Force Fuel Properties creditors’ meeting held on 1 April 2021 was adjourned in order to prepare an amendment to the approved business plans to allow for the submission of bids in a simpler format. The amendment to the approved business plans is expected to be published imminently and a meeting of affected parties will be called y in order to receive direction on the bidder. Bidders have, in the interim, started furnishing binding bids and proof of funds. Shareholders are advised to continue exercising caution when trading in the Company’s shares until such time as further announcements in respect of the above corporate actions are made. JOHANNESBURG 13 May 2021 Sponsor AcaciaCap Advisors Proprietary Limited Date: 13-05-2021 05:07:00 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.