SALUNGANO GROUP LIMITED - Trading Statement

Trading Statement

SALUNGANO GROUP LIMITED
Incorporated in the Republic of South Africa (Registration
number 2005/006913/06)
Share code: SLG ISIN: ZAE000306890
("Salungano Group" or "the Company" or "the Group")


TRADING STATEMENT


In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for
the period to be reported on will differ by more than 20% from that of the previous corresponding period.

Accordingly, a review by management of the financial results for the six months ended 30 September
2023 has indicated that:

-   the headline loss per share is expected to be between 91.96 cents and 88.04 cents, reflecting an
    increase in loss compared to the headline loss per share of 19.64 cents for the six months ended
    30 September 2022; and

-   the earnings per share is expected to be between 6.23 cents and 10.15 cents, reflecting an
    increase in earnings compared to the loss per share of 19.64 cents for the six months ended
    30 September 2022.

The Group was unable to maintain positive cash generation due to provisional liquidation proceedings
at Vanggatfontein, which affected production during the period. EBITDA is expected to be between
- R80 million and - R90 million.

The financial information on which this trading statement is based has not been reviewed or reported
on by the Company's auditors. Salungano Group's interim financial results are expected to be released
on SENS on or about 31 October 2024.


24 October 2024

Sponsor
Merchantec Capital

Date: 24-10-2024 03:02:00
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