Updated Trading Statement CHROMETCO LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/026265/06) Share code: CMO ISIN: ZAE007020249 ("Chrometco" or "the Company") UPDATED TRADING STATEMENT In terms of paragraph 3.4 (b) of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are satisfied that there is a reasonable degree of certainty that the financial results for the next reporting period will differ by more than 20% from those of the previous corresponding period. Shareholders are referred to the announcement released on SENS on 31 May 2019, and are hereby advised that the loss and diluted loss per share for the year ended 28 February 2019 is expected to be 60% lower at -3.87 cents per share than the loss per share of -9.58 cents reported for the previous corresponding period. Shareholders are advised that the loss per share of -3.87 cents per share is higher than the loss per share reported by the Company on 31 May 2019 of -2.05 cents per share. The further loss per share is due to an impairment in goodwill. Headline loss per share for the year ended 28 February 2019 is still expected to be 19% higher at -1.86 cents per share than the headline loss per share of -1.56 cents reported for the previous corresponding period. The above information has not been reviewed or reported on by the company’s external auditors. It is anticipated that the results for the year ended 28 February 2019 are to be published on SENS on or about 3 July 2019. Johannesburg 2 July 2019 Designated Advisor PSG Capital Date: 02/07/2019 08:15:00 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.