SABLE EXPLORATION AND MINING LIMITED - Trading Statement

Trading Statement

Sable Exploration and Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
("SEAM" or "the company")

TRADING STATEMENT

In terms of paragraph 3.4 (b) of the JSE Limited ("JSE") Listings Requirements, companies are
required to publish a trading statement as soon as a reasonable degree of certainty exists that
the financial results for the period to be reported on will differ by at least 20% from the previous
corresponding period.

A review by management of the financial results for the year ended 29 February 2024 has
indicated, with a reasonable degree of certainty, that the loss per share ("LPS") and the headline
loss per share ("HLPS") of SEAM is expected to be between 45 cents and 55 cents compared to
that of the previous corresponding period with restated LPS and HLPS of 171.88 (previously
reported 143.34) cents per share for the period ended 28 February 2023. This equates to an
improvement in LPS and HLPS of between 68% and 74% when compared to the restated LPS
and HLPS of the pervious period.

The results for 28 February 2023 have been restated as PAYE and UIF was not deducted from
the remuneration of a director, paid to a company which is a personal service provider, and a
correction has been applied retrospectively to the affected prior periods in accordance with the
relevant accounting standards.

The financial information on which this trading statement is based has not been reviewed or
reported on by SEAM's auditors. The Company's financial results for the year ended 29 February
2024 are expected to be released on 1 July 2024.



28 June 2024
Sandton

Sponsor
Exchange Sponsors

Date: 28-06-2024 12:27:00
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