VISUAL INTERNATIONAL HOLDINGS LIMITED - AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2019

AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2019

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/030975/06)
ISIN Code: ZAE000187407        Share code: VIS
(“Visual” or “the Company” or “the Group”)


SHORT FORM SENS ANNOUNCEMENT

AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2019


Salient Features
Extracted from the audited condensed consolidated results:

                                           28 February          28 February       Percentage
                                                  2019                 2018           change
 Revenue                                        25 588               39 713          -35.57%
 Operating Loss                             (8 399 345)         (33 777 548)          75.13%
 Headline loss per share (cents)                 (2.86)              (12.89)          77.81%
 Loss per share (cents)                          (2.90)              (13.61)          78.69%
 Net Asset Value Per Share (cents)                6.62                 9.53          -30.54%

Short-Form Announcement
This short-form announcement is the responsibility of the Directors of the Company. It is only
a summary of the information contained in the Audited Condensed Consolidated Financial
Results for the Year Ended 28 February 2019 (“Full Announcement”) and does not contain full
or complete details. The Full Announcement can be accessed by the following link:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/VIS/VISAR19.pdf

A copy of the Full Announcement is available for viewing on the Company’s website at
www.visualinternational.co.za     or    may    be    requested       from the  Company
(leeanne@visualinternational.co.za) or inspected at the Company’s registered office or the
office of the Designated Advisor, at no charge, during office hours.

Any investment decisions by investors and/or shareholders should be based on consideration
of the Full Announcement, as a whole.

These condensed consolidated financial results for the year ended 28 February 2019 have
been audited by the Company’s Auditors, BDO South Africa Inc., who expressed an
unmodified audit opinion thereon. The audit opinion includes communication on a material
uncertainty relating to going concern, a reportable irregularity and key audit matters. The
audit opinion together with the annual financial statements are available for viewing on the
Company’s website at:
http://www.visualinternational.co.za

Cape Town
12 November 2020

Directors: CK Robertson; R Kadalie; RR Richards*#; CT Vorster*#; LT Matholwa*#
(* non-executive # independent)
Registered Address: 23 Kleinplaas, Hohenort Street, Stellenberg, 7550
(P.O. Box 3163, Tyger Valley, 7536)
Company Secretary: Light Consulting (Pty) Ltd
Auditors: BDO South Africa Incorporated, 106 Park Drive, Port Elizabeth Central, Port
Elizabeth, 6001
Transfer Secretaries: Link Market Services Proprietary Limited, 13th Floor, 19 Ameshoff Street,
Braamfontein, 2017
Designated Advisor: AcaciaCap Advisors (Pty) Ltd
Website: www.visualinternational.co.za

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 12-11-2020 05:50:00
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