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Excellerate Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/009884/06)
JSE code: EXL ISIN: ZAE000026092
('Excellerate' or 'the Company')
MATERIAL CHANGE STATEMENT, TRADING ESTIMATE AND WITHDRAWAL OF
CAUTIONARY
Shareholders are referred to the announcement published over SENS on Friday, 29 June 2012 (the
'SENS announcement') and the circular posted to shareholders on Monday, 2 July 2012 (the
'circular'), containing the terms relating to a potential de-listing of the Company's shares from the
JSE Limited ('JSE').
Shareholders are hereby advised that:
(i) subject to (ii) below, the board is not aware of any circumstances which may result in any
material change in the expected financial or trading position of the Excellerate group since 2
July 2012, being the date of issue of the circular; and
(ii) based upon information within the knowledge of the board, at this time, the Company is
reasonably satisfied that the financial results for the 11 months ended 31 May 2012 will be
approximately 20% higher on an earnings per share level compared to the 11 months ended
31 May 2011.
The financial information on which this announcement has been provided is based on the
Company's management accounts has not been reviewed or reported on by the Company's auditors.
The Company is cognisant of its requirements under paragraph 3.4(b) of the JSE Listings
Requirements to publish a trading statement as soon as the Company is satisfied that a reasonable
degree of certainty exists that the financial results for the year ended 30 June 2012 will differ by at
least 20% from the financial results for the previous corresponding period.
The board of Excellerate accepts full responsibility for the information given in this announcement
and confirms that the board is not aware of any facts that have been omitted which would make any
statement in this announcement false or misleading.
WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the SENS announcement and the circular and are advised that following
the posting of the circular caution is no longer required to be exercised by shareholders when dealing
in their Excellerate shares.
Johannesburg
18 July 2012
Corporate advisor and transaction sponsor
Javacapital
Date: 18/07/2012 05:20:00 Supplied by www.sharenet.co.za
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