The Directors of Letlole La Rona Limited (“LLR”) wish to advise all shareholders that the Company is still in negotiations to acquire a significant shareholding in a group which carries on the business of property investment.

The successful conclusion of the negotiations may have a material impact on the value of the Company’s shares.

The potential transaction is distinct from the one alluded to in the cautionary announcement dated 3 January 2020.

The Directors therefore advise shareholders to exercise caution in the trading of their LLR securities.

By order of the Board