WESIZWE PLATINUM LIMITED - Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2024

Condensed Consolidated Interim Financial Statements for the six months ended 30 June 2024

WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2003/020161/06
Share code: WEZ
ISIN number: ZAE000075859
("Wesizwe" or "the Company")


CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX
MONTHS ENDED 30 JUNE 2024


1.   SALIENT FEATURES

     -   Administration expenditure increased by 749% to R35.05 million, from R4.13 million in
         the prior corresponding period.
     -   Net foreign exchange gains of R170 million due to the strengthening of the Rand
         against the US Dollar (2023: R1 783 million loss).
     -   Direct investment in property, plant and equipment decreased by 37.5% to R0.5billion
         from R0.8 billion in 2023.
     -   Headline earnings per share and earnings per share increased by 66.99 cents to 7.36
         cents per share (2023: headline loss of 59.63 cents per share).
     -   The board of directors, after careful consideration, has elected to not declare a
         dividend for the period ended 30 June 2023 (2022: nil).


2.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement ("Full
     Announcement") and does not contain full or complete details. The Full Announcement
     can be found at:

     https://senspdf.jse.co.za/documents/2024/JSE/ISSE/WEZ/IntWEZ24.pdf

     A copy of the Full Announcement is also available for viewing on the Company's website
     at https://wesizwe.co.za/wp-content/uploads/2024/03/wesizwe-interims-june-2024.pdf
     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     These interim results have been reviewed by the Company's auditors, SNG Grant
     Thornton Inc. ("Auditor") who has expressed a disclaimer of review conclusion thereon
     due to the directors not being able to provide the Auditor with certain agreements from a
     major shareholder committing funding for the foreseeable future. As a result, the Auditor
     is not able to confirm or dispel whether the preparation of the financial statements using
     the going concern basis of accounting is appropriate and accordingly do not express a
     conclusion on the interim results.

Johannesburg
14 October 2024

Sponsor
PSG Capital

Date: 14-10-2024 05:35:00
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