Trading statement AFRICAN AND OVERSEAS ENTERPRISES LIMITED Listed on the General Segment of the Main Board (Incorporated in the Republic of South Africa) (Registration number 1947/027461/06) JSE share code: AOO ISIN: ZAE000000485 JSE share code: AON ISIN: ZAE000009718 JSE share code: AOVP ISIN: ZAE000000493 ("AOE" or the "Company") TRADING STATEMENT In terms of the JSE Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the current reporting period will differ by at least 20% from the financial results for the previous corresponding period. Shareholders are accordingly advised that the Company's: - Earnings per share for the year ended 30 June 2025 is expected to be 106.4 cents per share, representing an increase of more than 100% when compared to the loss per share of 15.8 cents for the year ended 30 June 2024. - Headline earnings per share for the year ended 30 June 2025 is expected to be 110.0 cents per share, representing an increase of more than 100% when compared to the headline earnings per share of 60.1 cents per share for the period ended 30 June 2024. The information on which this trading statement has been based has not been reviewed or reported on by the Company's auditors. AOE's financial results for the year ended 30 June 2025 is expected to be released on or about 25 September 2025. 23 September 2025 Sponsor Java Capital Date: 23-09-2025 09:30:00 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.