SALUNGANO GROUP LIMITED - Trading Statement

Trading Statement

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: SLG  ISIN: ZAE000306890
("Salungano Group" or "the Company" or "the Group")


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to publish
a trading statement as soon as they become reasonably certain that the financial results for the period to be
reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the financial results for the year ended 31 March 2023 has indicated
that:

-  the headline loss per share is expected to be between 50.65 cents and 57.65 cents, compared to the
   headline earnings per share of 6.13 cents for the year ended 31 March 2022; and

-  the loss per share ("LPS") is expected to be between 160.68 cents and 178.68 cents, compared to the
   LPS of 9.06 cents for the year ended 31 March 2022.

The Group was able to maintain a positive cash generation from operations with EBITDA expected to be
between R80 million and R120 million.

The financial information on which this trading statement is based has not been reviewed or reported on by
the Company's auditors. Salungano Group's financial results are expected to be released on SENS on or
about 15 April 2024.


Johannesburg
26 March 2024

Sponsor
Merchantec Capital

Date: 26-03-2024 10:55:00
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