TSL Limited (“the Company”) wishes to inform its shareholders and the investing public that due to the extensive technical work that is required to comply with International Accounting Standard (IAS) 29 – Financial Reporting in Hyperinflationary Economies, it shall delay publishing its Audited Financial Statements for the financial year ended 31 October 2019.

According to the Securities and Exchange (Zimbabwe Stock Exchange Listing Requirements) Rules, 2019, the Audited Financial Statements were due to be released at the end of January 2020. These financial statements will now be published on or before 28 February 2020, following an extension granted to the Company by the Zimbabwe Stock Exchange.

By Order of the Board

James Muchando
Company Secretary