Short-Form Announcement Audited Results for the Year Ended 31 May 2024 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 AUDITED RESULTS FOR THE YEAR ENDED 31 MAY 2024 Salient Features Extracted from the audited annual financial statements: Year Year ended ended 31 May 31 May 2024 2023 Difference Percentage Audited Audited Revenue R' 000 48 536 49 534 998 (2.01)% Gross profit R' 000 29,839 21,221 8,618 40.61% Total comprehensive loss R' 000 (26 404) (86 732) 60 328 69.56% Loss per share cents (3.97) (14.25) 10.28 72.14% Headline loss per share cents (3.95) (7.14) 3.19 44.68% Net asset value per share cents (2.99) 1.58 (4.57) (289.24)% Short-Form Announcement The short-form announcement is the responsibility of the directors. It is only a summary of the information contained in the audited Annual Financial Statements for the year ended 31 May 2024 ("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/2024/JSE/ISSE/LAB/LABIR24.pdf Audit Opinion The audited annual financial statements for the year ended 31 May 2024 have been audited by Khumalo Xaba Xulu (KXX). The auditors' opinion is unmodified and is set out below: "In our opinion, the consolidated and separate financial statements present fairly, in all material respects, the consolidated and separate financial position of Labat Africa Limited as at 31 May 2024, and its consolidated and separate financial performance and consolidated and separate cash flows for the period then ended in accordance with International Financial Reporting Standards and the requirements of the Companies Act of South Africa. The Auditor's Opinion does not necessarily report on all of the information contained in this announcement. Shareholders are therefore advised that in order to obtain a full understanding of the nature of the Auditor's engagement, they should obtain a copy of the Auditor's Report together with the accompanying annual financial statements from the company's registered office. Copies of the annual financial statements 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 of Directors. B G van Rooyen DJ O'Neill Chief Executive Officer Financial Director Johannesburg 13 December 2024 Directors: BG van Rooyen*, DJ O'Neill*, RM Majiedt^, R Rustum^, BA Penny^ SE van Rooyen* Executive*, Independent non-executive^ Company Secretary: A Van Rooyen Registered Address: 23 Kroton Avenue, Weltevreden Park, 1709 Sponsor: Vunani Capital Proprietary Limited Transfer Secretary: Computershare Investor Services Proprietary Limited Date: 13-12-2024 04:57:00 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.