Short form Announcement - Reviewed Consolidated Results for the Year Ended 31 August 2021 LABAT AFRICA LIMITED Incorporated in the Republic of South Africa (Registration number 1986/001616/06) JSE code: LAB ISIN: ZAE000018354 LEI number: LEI9845000R73DF5EE41J88 (“Labat” or “The company” or “the Group”) SHORT-FORM ANNOUNCEMENT REVIEWED CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 AUGUST 2021 Salient Features Extracted from the reviewed condensed consolidated financial statements: 31 August 2021 31 August 2020 Difference Percentage Reviewed Audited Revenue R' 000s 29 270 40 251 (10 981) -27% Operating Profit/(loss) R' 000s 2 203 (14 570) 16 953 +116% Headline loss per share (6.5) (12.3) 5.8 +47% -continuing cents (6.5) (15.8) 9.3 +59% -discontinued* cents - 3.5 -3.5 -100% Earnings/(loss) per share (5.7) 3.1 -8.8 -284% -continuing cents (5.7) (16.4) 10.7 +65% -discontinued* cents - 19.5 -19.5 -100% Net Asset Value Per Share cents 21.1 19.6 1.5 +7% *Discontinued operations relate to the Fuel Businesses Force Fuel and Force Fuel Properties (Pty) Ltd Short-Form Announcement The short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the Reviewed Provisional Condensed Consolidated Financial Results for the year ended 31 August 2021 (“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/LABYE21.pdf The condensed provisional consolidated financial results of the Company and Group have been reviewed by Nexia SAB&T. The auditors’ review report is available for inspection at the Company’s registered office. The review conclusion is unmodified and is set out below: “Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated financial statements of Labat Africa Limited and its subsidiaries for the year ended 31 August 2021 are not prepared, in all material respects, in accordance with the requirements of the JSE Limited Listings Requirements for provisional reports, as set out in the basis of preparation of the condensed consolidated financial statements, and the requirements of the Companies Act of South Africa.” The key audit matters will be incorporated into the audited financial results when published in January 2022. 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 2021 Directors: BG van Rooyen*, DJ O’Neill*, 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: 31-12-2021 12:15:00 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.