28 Jun - 2 min read

Trading Statement 2020 Results

Trading Statement  2020 Results

UNION ATLANTIC MINERALS LIMITED
("Union Atlantic" or "the Company")
(Registration Number 1998/001940/06)
Share Code: UAT
ISIN: ZAE000254214

Trading Statement – 2020 Results

Shareholders are reminded that, due to the nature of the business of the Company, Net Asset Value
per share has been adopted for trading statement purposes.

Shareholders are advised that a reasonable degree of certainty exists over the Net Asset Value per
share as at 31 August 2020 and the Company is therefore in a position to issue this trading
statement in terms of Section 3.4 (b) of the JSE Listings Requirements.

Accordingly, the Board announces that Union Atlantic expects the Net Asset Value as at 31 August
2020 to be R25.8 million, which is 22.3% less than the R33.2 million reported as at 31 August
2019. This will in turn translate into a Net Asset Value per share of 1.74 cents per share, which is
22.7% less than the 2.25 cents per share reported as at 31 August 2019. In addition, the Board
would also like to announce that Union Atlantic expects the Net Tangible Asset Value per share
as at 31 August 2020 to be (R13.2 million), which is 127.6% less than the (R5.8 million) reported
on 31 August 2019. This will in turn translate into a Net Tangible Asset Value per share of (0.89)
cents per share, which is 128.2% less than the (0.39) cents per share reported as at 31 August 2019.

The financial information on which this trading statement is based has not been reviewed or
audited by the Company`s external auditors, Nexia SAB&T Inc.

The Company’s results for the year ended 31 August 2020 are expected to be published on SENS
on or before 02 July 2021.

Centurion
28 June 2021
Sponsor and Corporate Advisor
River Group

Date: 28-06-2021 05:15:00
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