TRANS-CALEDON TUNNEL AUTHORITY (TCTA) - TCTA: Clarification on the Delay in the Release of the TCTA's 2018/19 Annual Financial Statements

TCTA: Clarification on the Delay in the Release of the TCTA's 2018/19 Annual Financial Statements

                                                                                                                      
    Trans-Caledon Tunnel Authority (TCTA)
    
    WSP4 (LHWP)    ZAG000020009
    WSP5 (LHWP)    ZAG000020017
    
    As established by Notice No 2631 in Government Gazette No 10545 of 12 December 1986, and revised by
    Notice No 277 in Government Gazette No 21017 of 24 March 2000 (the Notice of Establishment).
    A Schedule 2 Public Finance Management Act No. 1 of 1999 (PFMA) entity.
    
    CLARIFICATION - FURTHER DISCLOSURES RELATING TO THE DELAY IN THE RELEASE OF TCTA’S
    2018/19 ANNUAL FINANCIAL STATEMENTS

    This is a clarification of information that may have caused confusion in TCTA’s SENS Announcements of
    11 November 2019 titled: Further Disclosures Relating to the Delay in the Release of TCTA’s 2018/19
    Annual Financial Statements.

    Clarification:

    As stated in TCTA’s SENS announcements of 2 October 2019 (titled: Update on the Delay in Release of
    TCTA’s 2018/19 Annual Financial Statements); and 31 October 2019 (titled: Further Update on the Delay in
    the Release of TCTA’s 2018/19 Annual Financial Statements) – but omitted in 11 November 2019:

    TCTA has engaged lenders and continues to do so on the AFS delay both to seek the necessary
    waivers, and to address their concerns. To date, no lender has declared any dispute with TCTA
    regarding the matter.

    TCTA will update Noteholders promptly when there are further developments regarding the matter.

   
   Nyiko Mageza, TCTA Sponsor +27 12 683 1334, nmageza@tcta.co.za
   Media Queries - Wanda Mkutshulwa, Head of Communications +27 12 683 1378, wmkutshulwa@tcta.co.za

   13 November 2019


(Chairperson) Mr GT Dumas; (Deputy Chairperson) Ms MJ Ramataboe; Mr S Roopa, Mr SN Khondlo, Mr NT Baloyi, Ms LN Dlamini, Ms MM Maponya, Mr GNJ White
                                     (Chief Executive Officer) Mr DKP Sechemane; (Company Secretary) Adv W De Witt

Date: 13/11/2019 10:07:00
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