GO LIFE INTERNATIONAL LIMITED - Renewal of Cautionary Announcement and Update on Publication of Financials

Renewal of Cautionary Announcement and Update on Publication of Financials

GO LIFE INTERNATIONAL LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: 098177 C1/GBL)
Primary Listing SEM share code: GOLI.N0000
Secondary Listing JSE share code: GLI ISIN: MU0330N00004
(“the Company” or “Go Life”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT AND UPDATE ON PUBLICATION OF FINANCIALS

Shareholders are referred to the previous cautionary announcements, the last of which was dated 17 June
2021 in which shareholders were advised that:

1.     the properties of Bon Healthcare Properties were disposed of by the liquidators of the Calitz Trust
       following the sequestration of the Calitz Trust. These properties were initially acquired through an
       issuance of shares.
2.     that this has necessitated the full impairment of the Company’s largest asset and has resulted in
       the significant deterioration of the Company’s financial position; and
3.     that the Company is pursuing legal action in this matter.

In addition, shareholders are referred to the announcement on SENS dated 3 July 2020 detailing the
liquidation of its South African subsidiary Go Life Health Proprietary Limited (“GLH”) and are reminded that
the carrying values relating thereto have also been impaired.

As announced on 29 June 2021, the Company was expected to publish its abridged consolidated audited
financial statements for the year ended 29 February 2020 by 31 July 2021 and for the year ended
28 February 2021 by 31 October 2021.

Due to the impact of the change in directors, the Mauritian COVID-19 lock down which stopped travel to
Mauritius from South Africa, the third wave of COVID-19 breaking out in South Africa as well as the recent
social unrest in South Africa, the Company is unable to publish both the abridged consolidated audited
financial statements for the year ended 29 February 2020 and the abridged unaudited consolidated
financial statements for the quarters ended 31 May 2020, 31 August 2020 and 30 November 2020 by 31 July
2021.

The Company has also not published comparative information in accordance with the JSE Listings
Requirements as it is seeking guidance on whether the previously published information will need to be
amended due to the subsequent events noted above.

The Company has applied and received for the formal approval of the Stock Exchange of Mauritius
Limited (the “SEM”) for a further extension of the date for the publication of its abridged consolidated
audited financial statements for the year ended 29 February 2020 as well as the quarterly abridged
unaudited consolidated financial statements for the quarters ended 31 May 2020, 31 August 2020 and
30 November 2020 by 31 August, 2021.

The public are hereby cautioned that the balance sheet has been completely eroded through these
events and will require a recapitalisation. A further announcement will be made in due course.
Go Life shareholders are advised to continue to exercise caution when dealing in their securities until a
further announcement is made and the audited annual financial results have been published.

Go Life has its primary listing on the Stock Exchange Mauritius and a secondary listing on the AltX of the
JSE.

This notice is issued pursuant to SEM Listing Rule 11.3 and the Mauritian Securities Act 2005. The Board of
Directors of Go Life accepts full responsibility for the accuracy of the information contained in this
announcement.

For and on behalf of the board
Mauritius
30 July 2021

JSE Sponsor:                                                  Company secretary and management company:
AcaciaCap Advisors Proprietary Limited                Apex Fund and Corporate Services (Mauritius) Ltd

Date: 30-07-2021 09:00:00
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