UBUBELE HOLDINGS LIMITED - Change statement and notice of annual general meeting

Change statement and notice of annual general meeting

Ububele Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000140182
(“Ububele” or “the Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

CHANGE STATEMENT

Shareholders are hereby advised that the abridged annual report containing the audited
abridged financial statements for the year ended 30 June 2013 (“the Audited Results”)
were posted to shareholders yesterday, 6 November 2013 (“the 2013 Abridged Annual
Report”), and save for the changes set out below, the Audited Results contain no material
modifications to the reviewed provisional financial results which were published on the
Stock Exchange News Service of the JSE Limited on 30 September 2013 (“the Reviewed
Results”).

Audited Results for the year ended 30 June 2013

 Group Abridged Consolidated Statement of Financial
 Position

 Figures in Rand                          Notes    Reviewed       Audited
                                                     2013          2013         Change
 ASSETS                                               R             R             R

 Non-Current Assets

 Property, plant and equipment                      22 546 615     22 546 615            -

 Goodwill                                           66 006 912     66 006 912           -
 Intangible assets                            1     22 817 721     21 766 733   1 050 988
 Deferred taxation                            1     19 304 797     20 355 785 (1 050 988)
 Available-for-sale financial assets at
 fair value                                          5 179 892      5 179 892            -



                                                  135 855 937    135 855 937             -



 LIABILITIES
 Non-Current Liabilities
Loans payable                          2     219 959 353     216 783 748     3 175 605
Amounts due on instalment sale
agreements                             2       4 600 155       2 775 805     1 824 350

Deferred taxation                              3 465 632       3 465 632              -

                                       3   228 025 140      223 025 185      4 999 955



Current Liabilities

Trade and other payables                     149 221 204     149 221 204              -

Loans from shareholders                                -               -           -
Loans payable                          2       6 842 727      12 880 135 (6 037 408)

Taxation                                         924 845         924 845              -
Amounts due on instalment sale
agreements                             2       3 194 422       2 156 969     1 037 453

Derivative financial instruments                        -               -             -

Bank overdraft                                 1 119 737       1 119 737              -

                                       3   161 302 935      166 302 890     (4 999 955)




Total Liabilities                          389 328 075      389 328 075               -



The difference between the audited annual financial statements and the reviewed
results arise from the change in disclosure of the following items. There has not been
any material change in the amounts

Note 1: An amount of R1 050 988 were re-allocated to deferred taxation asset from
intangible assets.

Note 2: A loan of R2 861 803 were re-allocated from amounts due on instalment sale
agreements to loans payable.

Note 3: A re-allocation was made between the current and non-current portions of
both loans payable and amounts due on instalment sales.
The Group Abridged Consolidated Statement of Financial Position set out above is
extracted from audited information, but is not itself audited. The directors of Ububele take
full responsibility for the preparation of the Group Abridged Consolidated Statement of
Financial Position set out above and that the financial information has been correctly
extracted from the underlying annual financial statements which has been audited by
Ububele’s independent auditors, Nolands Inc., whose unmodified audit report is available
for inspection at the registered office of the Company.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the 2013 annual general meeting of shareholders of Ububele
will be held on Thursday, 5 December 2013, at 10:00am at Ububele Holdings, Ground
Floor, Acorn House, Old Oak Office Park, Corner of Old Oak and Durban Roads, Bellville
(“the Annual General Meeting”) to transact the business stated in the notice of Annual
General Meeting, which notice forms part of the 2013 Abridged Annual Report.

The date on which shareholders must be recorded in the share register of the Company
for purposes of being entitled to attend and vote at the Annual General Meeting is Friday,
29 November 2013, with the last day to trade being Friday, 22 November 2013.

7 November 2013
Cape Town

Designated Adviser
PSG Capital (Pty) Limited

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