Financial results for the year ended 28 February 2019 – short-form announcement WG WEARNE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005983/06) (Share Code: WEA ISIN Code: ZAE000078002) JSE Code: WEA (“Wearne” or “the Company” or “the Group”) FINANCIAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2019 – SHORT-FORM ANNOUNCEMENT FINANCIAL HIGHLIGHTS Audited Audited GROUP 28 February 2019 28 February 2018 R'000 R'000 Revenue 269,662 339,387 Basic and diluted basic loss per share (cents) (7.79) (11.46) Headline and diluted headline loss per share (cents) (8.58) (5.31) Net asset value per share (cents) (2.18) 4.96 Net tangible asset value per share (cents) (2.83) 4.08 SHORT-FORM STATEMENT This short-form statement is the responsibility of the directors. It is only a summary of the information contained in the full announcement and does not contain full or complete details. Any investment decision should be based on the full announcement accessible from 22 November 2022 via the JSE link and from the CEO at johnw@wearne.co.za. Copies of the full announcement may also be requested by contacting Miss Claire Middlemiss by email at claire@capgov.co.za and are available for inspection at the Company’s registered office at no charge, weekdays during office hours. The JSE link is as follows: https://senspdf.jse.co.za/documents/2022/jse/isse/wea/FY2019.pdf The annual financial statements, including the unqualified audit opinion of the external auditor HLB CMA (South Africa) Inc, is available on the Company’s website on www.wearne.co.za/investor-relations. The trading of Wearne shares on the Johannesburg Stock Exchange Limited has been suspended since July 2018 because of not releasing its financial statements for the years ended 28 February 2018, 2019, 2020 and 2021. The release of the results for the year ended 28 February 2018 was the first step in submitting the outstanding financial statements with a view to having the listing reinstated. The audit fieldwork for the year ended 28 February 2020 is in progress at the time of this statement. The audit fieldwork for the years ended 28 February 2021 and 2022 will commence as soon as 2020 has been finalised. It is envisaged the outstanding financial information for those years will be released by 28 February 2023. 22 November 2022 Randfontein Designated Adviser Exchange Sponsors CORPORATE INFORMATION Non-executive directors: W van der Merwe * (Chairman); FJ Mojono *; K Maelane * *Independent Executive directors: J Wearne, A Badenhorst Registration number: 1994/005983/06 Registered address: 1 Main Road, Aureus, Randfontein, Gauteng 1759 Postal address: PO Box 192, Randfontein, 1760, Gauteng, South Africa Company secretary: C Middlemiss Telephone: 011 459 4500 Transfer secretaries: CTE Registry Services (Pty) Limited Designated Adviser: Exchange Sponsors (2008) (Pty) Limited Date: 22-11-2022 02:00:00 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.