LABAT AFRICA LIMITED - Quarterly Update - Labat Limited

Quarterly Update - Labat Limited

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat" or "the Company")
ISIN Code: ZAE000018354 Share code: LAB

QUARTERLY UPDATE - LABAT LIMITED

Company Status and Share Trading Suspension
First and foremost, the Company wishes to reassure its shareholders and stakeholders that Labat
remains a going concern. The suspension of the Company's shares trading on the Johannesburg
Stock Exchange (JSE) is a matter that the Company is addressing with the utmost seriousness and
diligence and it is actively working to lift the suspension by concluding the 2023 and 2024 audits
and ensuring full compliance with the JSE Listings Requirements. and have been assured that
once this is completed the suspension of the shares will be lifted.

Regulatory Compliance and Auditor Appointment
Following the termination of Labat's previous auditors, the Company is actively engaged in the
appointment of the auditors with a full announcement in this regard to be made in due course.
The Company remains resolute in its commitment to adhering to all regulatory requirements, as it
has successfully done over the past 30 years.

The Company can assure shareholders and stakeholders that all necessary disclosures and
updates are being made in accordance with the JSE Listings Requirements. The information
provided on the Stock Exchange News Service ('SENS') is comprehensive and aligns with the
Company's obligations. Labat's goal remains to fulfill these requirements fully and to facilitate
the lifting of the suspension in the trade in the Company's shares.

The lifting of the suspension of Labat's shares is a priority for the Company, and it is actively
working with all stakeholders to expedite this process. However, as this is contingent on meeting
all regulatory requirements and the successful appointment of new auditors, the Company
cannot provide an exact timeline at this moment, but can advise that discussions with potential
auditors are at an advanced stage.

Conclusion
The Company would like to thank everyone involved for their continued support and patience
as it navigates through these challenges. Together, the Company will emerge stronger and more
resilient, poised for future growth and success and it looks forward to continuing this journey with
all concerned, confident in the strength of Labat's partnership and optimistic about the
opportunities that lie ahead.

JOHANNESBURG
17 September 2024

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 17-09-2024 10:10:00
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