SENTULA MINING LIMITED - Update to the interim results for the six months period ended 30 September 2013

Update to the interim results for the six months period ended 30 September 2013

Sentula Mining Limited

Incorporated in the Republic of South Africa

(Registration number 1992/001973/06)

Share code: SNU ISIN: ZAE000107223

(“Sentula”)





UPDATE TO THE INTERIM RESULTS FOR THE SIX MONTHS PERIOD ENDED 30 SEPTEMBER 2013





 Shareholders are referred to the interim results for the six months period ended 30 September 2013,

 released on SENS on 14 November 2013. Shareholders are hereby advised that a reconciling line

 item pertaining to the calculation of the headline earnings figure disclosed was inadvertently omitted

 in the calculation thereof.



 Details of which are set out below:

                                                                                                 Restated

                                                          Reviewed                               reviewed

                                                     September 2013            Movement    September 2013

                                                             R’000                 (%)             R’000

 Reconciliation of headline earnings



 Net (loss)/profit for the period attributable to

 equity holders of the company                               (248 628)                          (248 628)

 Adjust for:                                                                                            -

 Profit on disposal of plant and equipment                      (257)                               (257)

 Loss on disposal of plant and equipment                          654                                 654

 Loss on disposal of held-for-sale assets                           -                                   -

 Profit on disposal of held-for-sale assets                     (318)                               (318)

 Impairment of mineral rights held-for-sale                   365 431                             365 431

 Impairment of intangible assets                                    -                                   -

 Impairment of property, plant and equipment                        -                                   -

 Impairment of assets held-for-sale                            15 774                              15 774

 Impairment of goodwill                                        35 138                              35 138



 Total tax effects of above adjustments                      (100 744)                          (100 744)

 Total non-controlling interest effects of

 adjustments, net of tax                                              -          (100.0)        (106 364)

 Headline earnings/(loss) attributed to ordinary

 shareholders                                                  67 050                             (39 314)

 Headline earnings/(loss) per share (cents)                      11.5                                 (6.8)



 The adjustment to the headline earnings per share figure is required to provide for the non-controlling

 interest’s pro-rate share of the mineral rights impairment charge, net of tax. The impairment of the

 mineral rights arose as a consequence of the re-classification of the Group’s coal investments as

 Held-for-Sale, resulting in these assets being written down to their deemed market value.



 Johannesburg

 26 November 2013



 Sponsor

 Merchantec Capital


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