BAUBA PLATINUM LIMITED - RESTATEMENT OF RESULTS DUE TO PRO-ACTIVE MONITORING PROCESS OF THE JSE

RESTATEMENT OF RESULTS DUE TO PRO-ACTIVE MONITORING PROCESS OF THE JSE

BAUBA PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU ISIN No: ZAE000145686
(“Bauba Platinum” or “the Company”)


RESTATEMENT OF RESULTS DUE TO PRO-ACTIVE MONITORING PROCESS OF THE JSE



Shareholders are advised that the restatement of the annual financial statements of the Company for the
financial year ended 30 June 2011, as indicated hereunder, is necessitated as result of the pro-active
monitoring process by the JSE.

The pro-active monitoring process identified that the impairment of the financial assets held for sale should
have been reflected in “(Loss)/Profit for the Year” rather than in “Other Comprehensive Loss” as disclosed in
the Consolidated Statements of Comprehensive Income on page 22 of the annual financial statements. In line
with IFRS requirements the accumulated amounts previously shown in “Other Comprehensive Income”
relating to the fair value adjustment of this financial asset held for sale must be restated to “(Loss)/Profit for the
Year”.

Although this had no effect on the comprehensive loss for the year and the headline loss for the 2011 financial
year end, the reclassification resulted in a restatement to the loss for the year and therefore the loss per share
figure for the year ended 30 June 2012.

The net result of this restatement is an increase in the loss per share by 17.6 cents.
This restatement will be incorporated in the results for the financial year ended 30 June 2012.

Below is a table reconciling the various line items affected by the restatement of the financial statements:

                                                                        Group                  Company
 Consolidated statement of comprehensive income                  Restated   Previous     Restated   Previous

 (Loss) / profit for the year from continued operations           (36 094)    (36 094)     (6 539)     (6 539)
 Impairment of financial assets held for sale                     (12 417)                (12 417)
 Reclassification adjustment of financial assets held-for sale     (4 000)                 (4 000)
 Restated (Loss) / profit for the year from continued
 operations                                                       (52 511)    (36 094)    (22 956)     (6 539)

 (Loss) / profit for the year from discontinued operations        (19 615)    (19 615)       (256)       (256)
 (Loss)/income for the year                                       (72 126)    (55 710)    (23 212)     (6 795)

 Other Comprehensive (loss)/income for the year
 Impairment of financial assets held for sale                                 (12 417)                (12 417)
 Reclassification adjustment of financial assets held-for sale      4 000                   4 000
 Comprehensive (loss)/income for the year                         (68 126)    (68 126)    (19 212)    (19 212)


 Earnings per share
 Basic loss per share (cents)                                       (76.4)      (59.9)       (7.3)        (7.3)



Johannesburg
30 August 2012

Sponsor
Merchantec Capital

Date: 30/08/2012 04:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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