TELEMASTERS HOLDINGS LIMITED - Change Statement and Notice of Annual General Meeting

Change Statement and Notice of Annual General Meeting

TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/015734/06)
Share Code: TLM   ISIN: ZAE000093324
("TeleMasters" or “the Company”)



CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING


Shareholders are advised that the audited results for TeleMasters
for the year ended 30 September 2012 have been finalised and
included in the Integrated Report posted on 28 March 2013 to all
shareholders registered in the Company’s share register on the
record date set out below.

The audited results contains the following modifications to the
Condensed Consolidated Statement of Cash flow for the year ended
30 September 2012 as contained in the reviewed provisional
condensed   consolidated   results  which   were   published   on
18 December 2012. In finalising the audited results it was
discovered that an error had been made in determining the cash
flow effect of the proceeds from the disposal of plant and
equipment. This was due to a calculation error. The change
results in an increase in the proceeds from disposal of plant and
equipment in the 30 September 2012 figure from 251 199 to
297 185. The resulting adjustment increases the Cash (utilised)
by operation from (3 856 757) to (3 902 743). The correction does
not change net asset value, nor profit for the year. Consequently
there is no impact on net asset value, earnings, headline
earnings, creditors or shareholders. Extracts of the amended
results, compared to the previously published reviewed results
are set out below:

Condensed consolidated statement of cash flow (current year)

                                 Audited     Change       Reviewed
                               30-Sep-12                 30-Sep-12
                                       R                         R
Cash flows from operating
activities

Cash (utilised)/ generated
by operations                (3 902 743)   (45 986)     (3 856 757)
Net cash (utilised)/
generated from operating
activities                   (4 101 974)   (45 986)     (4 055 988)
Cash flow from investing
activities
Proceeds from disposal of
plant and equipment                297 185   45 986       251 199
Net cash used in investing
activities                   (6 551 776)     45 986   (6 597 762)


NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of the
Company will be held at 09:30 on Friday, 26 April 2013 in the
boardroom of the Company at 90 Regency Street, Route 21 Corporate
Office Park, Irene, 0157 Pretoria.

RECORD DATES

The board of directors of the Company has determined that the
record date for the purpose of determining which shareholders of
the Company are entitled to receive notice of this annual general
meeting is Friday, 15 March 2013 and the record date for purposes
of determining which shareholders of the Company are entitled to
participate in and vote at the annual general meeting is Friday,
19 April 2013. Accordingly, the last day to trade in order to be
eligible to vote at the annual general meeting will be Friday,
12 April 2013.

Pretoria
28 March 2013

Designated Advisor
Arcay Moela Sponsors Proprietary Limited

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