LABAT AFRICA LIMITED - Reviewed Provisional Financial Results for 31 August 2020; Changes to the Board and Renewal of Cautionary

Reviewed Provisional Financial Results for 31 August 2020; Changes to the Board and Renewal of Cautionary

LABAT AFRICA LIMITED
Incorporated in the Republic of South Africa
(Registration number 1986/001616/06)
JSE code: LAB ISIN: ZAE000018354
(“Labat” or “the Company” or “the Group”)


SHORT-FORM ANNOUNCEMENT: REVIEWED CONSOLIDATED RESULTS FOR THE YEAR ENDED
31 AUGUST 2020


Salient Features
Extracted from the reviewed condensed consolidated financial statements:

                                                 31 August 2020      31 August       Difference
                                                                          2019
 Revenue                               R' 000s           40 252         52 764          (12 512)
 Operating (Loss)                      R' 000s          (36 741)       (18 581)         (18 160)
 Headline loss per share                 cents            (10.8)          (7.9)            (2.9)
 Earnings /(loss) per share              cents              3.0          (25.2)            28.2
 Net Asset Value Per Share               cents             19.6          (11.9)            31.5

Short-Form Announcement
The short-form announcement is the responsibility of the directors. It is only a summary of the
information contained in theReviewed Provisional Condensed Consolidated Financial Results for
the Year Ended 31 August 2020 (“Full announcement”) and does not contain full or complete
details. Any investment decisions by investors and/or shareholders should be based on a
consideration of the Full announcement which is available on the Company’s website
(www.labat.co.za) or can be accessed via the following link:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/LAB/LABFYE20.pdf
The results were reviewed by Nexia SAB&T who expressed a modified review opinion on the
results for the year ended 31 August 2020. The modified review opinion did include a paragraph
that referred to the Fuel Business of Labat which was placed into Business Rescue. The Full
announcement, and the auditor’s review opinion are available on the Company’s website as
detailed above.

Copies of the full announcement may be requested from the Company (info@labat.co.za) or
inspected at the registered office and/or the Sponsors’ office, at no charge, during office hours.

For and on behalf of the board.

B G van Rooyen                                                                         GRI Walters
Chief Executive Officer                                                         Financial Director

Johannesburg
31 December 2020

Directors:
BG van Rooyen*, DJ O’Neill*, NS Mogapi*, GRI Walters*, RM Majiedt^, R Rustum^, BA Penny^
Executive*, Independent non-executive^
Company Secretary: Light Consulting Proprietary Limited
Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709
Sponsor: AcaciaCap Advisors Proprietary Limited
Transfer Secretary: Computershare Investor Services Proprietary Limited

Date: 04-01-2021 07:05:00
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