LABAT AFRICA LIMITED - Changes to the Board of Directors and Update on the Appointment of Auditors

Changes to the Board of Directors and Update on the Appointment of Auditors

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat" or "the Company")
ISIN Code: ZAE 000018354 Share code: LAB
FSE Code: LEI 9845000R73DF5EE41J88

CHANGES TO THE BOARD OF DIRECTORS AND UPDATE ON THE APPOINTMENT OF
AUDITORS

CHANGES TO THE BOARD OF DIRECTORS
In compliance with section 3.59(b) of the Listings Requirements of the JSE Limited,
shareholders are advised that Mr Gorden Walters ("Gorden"), Labat's Financial
Director, has tendered his resignation with effect from 31 March 2024.

Mr David O'Neill, an existing Executive Director and the former Financial Director, will
be reappointed as the Financial Director until a new appointment is made.

Shareholders are also advised that in late 2023 Labat appointed Mr Kgomotso Manaka
CA(SA), to the finance team. He assumed the role as Financial Manager for the group
with effect from January 2024.

Gorden will remain available to Labat going forward as a consultant, focusing on
valuations and corporate finance requirements, where needed.

The Board would like to thank Gorden for all his assistance over the years and wish him
well for the future as he rejoins the energy sector.

UPDATE – APPOINTMENT OF AUDITORS
The Company has secured proposals from a number of audit firms and the Audit
Committee will be considering the appointment of its auditor during March 2024.

Johannesburg
7 March 2024

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 07-03-2024 02:15:00
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