W G WEARNE LIMITED - Market update

Market update

W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company”)

Market update


Wearne has been suspended since July 2018 as a result of not releasing its financial statements
for the years ended 28 February 2018, 2019, 2020 and 2021. The 28 February 2018 and 2019
annual financial statements were released on SENS in September 2022. The February 2020
financial results are expected to be released on SENS by the end of May 2023 and the February
2021 results are expected to be released on SENS by the end of July 2023.

Wearne will then proceed to finalise the February 2022 and 2023 annual financial results. It is
expected that this will be completed by October 2023.

Wearne is actively trying to sell certain of its assets in order to restructure its debts.

Shareholders will be kept up to date in this regard.



18 April 2023
Randfontein


Designated Adviser
Exchange Sponsors

Date: 18-04-2023 12:34:00
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.