NIVEUS INVESTMENTS LTD - Change Statement and Notice of Annual General Meeting

Change Statement and Notice of Annual General Meeting

NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
("Niveus” or “the Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

CHANGE STATEMENT

Shareholders are hereby advised that the Company’s Integrated Annual Report, encompassing the audited summarised annual
financial statements for the year ended 31 March 2014, was posted to shareholders today, Friday, 26 September 2014 and save for
the changes set out below contains no material modifications to the reviewed results which were published on Thursday, 22 May
2014 on SENS.

These changes are highlighted in the table below:

                                                        Audited    Reviewed      Variance
Year ended 31 March                                        2014        2014          2014
                                             Note         R'000       R'000         R'000

Statement of financial position

Assets
Property, plant and equipment                   1    1 023 845    1 024 408         (563)
Trade and other receivables                 1,2,3      295 452      295 159           293
Loans receivable                                2        3 123        2 253           600

Equity
Equity attributable to equity                    3   1 173 574    1 173 244           330
holders of the parent

Statement of profit or loss

Asset impairments                                       (6 412)     (6 413)             1
Impairment of goodwill                           3            -       (329)           329

Earnings per share (cents)                                 54,1        53,8           0,3
Diluted earnings per share (cents)                         52,8        52,6           0,2

Statement of cash flows

Cash flows from operating activities             4     219 772      221 161       (1 389)
Cash flows from investing activities             4   (235 051)    (236 440)         1 389


                                                        Audited 2014           Reviewed 2014       Variance 2014
Reconciliation of headline earnings                     Gross        Net       Gross         Net   Gross         Net
                                             Note       R'000      R'000       R'000      R'000    R'000       R'000

IAS 36 impairment of goodwill                    3           -        -          329         329   (329)      (329)

The difference between the audited summarised 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: Property, plant and equipment additions were reclassified to deposits under trade and other receivables.

Note 2: Loans receivable were reclassified from trade and other receivables.

Note 3: Certain conditions precedent were not yet fulfilled in terms of the purchase agreement pertaining to the acquisition of
a non-material subsidiary on the reporting date for which the acquisition accounting were subsequently reversed.

Note 4: Elimination of non-cash effect on asset additions.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting of Niveus will be held on Thursday, 30 October 2014, at 11:00 at Suite
801, 76 Regent Street, Sea Point, 8005 to transact the business stated in the notice of annual general meeting.
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, 24 October 2014, with the last day to trade being Friday, 17 October 2014.


Cape Town
26 September 2014

Sponsor:
PSG Capital Proprietary Limited

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