Choppies Enterprises Limited (JSE:CHP) News - Trading Statement

CHOPPIES ENTERPRISES LIMITED
(Incorporated in the Republic of Botswana)
Registration number: BW00001142508
JSE SHARE CODE: CHP
BSE SHARE CODE: CHOPPIES
ISIN: BW0000001072
(“Choppies” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the Botswana Stock Exchange (“BSE”) and the Johannesburg Stock Exchange
Limited (“JSE”), 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 next will differ by more than 10% (in the case of the BSE) or
more than 20% (in the case of the JSE) from the financial results reported for the previous corresponding period.

Choppies is currently finalising its financial results for the 6 months ended 31 December 2021 (“HY2022”) and expects
the HY2022 financial results to fall within the following ranges:-


                                                                       HY2022               HY2022            HY2021
                                                                                           Expected         As reported
                                                                                          range (BWP      (BWP Millions)
                                                                  Expected increase         Millions)
                                                                         (%)
 Profit before tax - continuing operations                            36% - 56%            121 - 139            89
 Profit after tax - continuing & discontinued operations            174% - 194%            104 - 112            38

The HY2022 financial results to fall within the following thebe per share ranges: -

                                                                      HY 2022               HY2022             HY2021
                                                                  Expected increase        Expected          As reported
                                                                         (%)                range            (thebe per
                                                                                          (thebe per           share)
                                                                                            share)

 Basic earnings per share – total operations                        133% - 152%            7.7 - 8.3            3.3
   Continuing operations                                              50% - 70%            7.5 - 8.5            5.0
 Headline Earnings per share – total operations                      83% - 102%            7.7 - 8.5            4.2
   Continuing operations                                              60% - 79%            7.7 - 8.6            4.8

The estimated financial information on which this trading statement is based has not been reviewed nor reported on
by the Company’s external auditors.

Accordingly, shareholders are advised to exercise caution when trading in the Company’s securities until such time as
the actual results are released. The Company expects to release its HY2022 financial results on or about 23rd February
2022.

The Company’s primary listing is on the BSE and its secondary listing is on the JSE.

By order of the Board

14th February 2022

BSEL Sponsoring Broker                                                    JSE Sponsor
Stockbrokers Botswana Limited                                             PSG Capital

Date: 14-02-2022 11:00:00
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