CMO - 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

1 July 2019

Designated Advisor

PSG Capital