SANTOVA LIMITED - Change statement and notice of annual general meeting

Change statement and notice of annual general meeting

SANTOVA LIMITED
Registration number: 1998/018118/06
Share code: SNV
ISIN: ZAE000159711
("Santova")

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders are advised that the Annual Integrated Report and detailed
Annual Financial Statements for the year ended 28 February 2013 are
available on the Company’s website www.santova.com. The Annual Integrated
Report will be posted to shareholders on Tuesday, 4 June 2013, and contains
no modifications to the Audited Abridged Group results as published on SENS
on 20 May 2013, other than that detailed below:

 -   A financial liability of R4,848 million has been reclassified from non-
     current liabilities to current liabilities.

Shareholders are advised that the above change has no effect on the
published net asset value or tangible net asset value, nor does it affect
basic or headline earnings per share in any way.

The final audited condensed Statement of Financial Position is shown below
after the above adjustment has been taken into account:

CONDENSED STATEMENT OF FINANCIAL POSITION
                                                   Audited       Audited
                                                 28 February   29 February
                                                     2013         2012
                                                    R'000        R'000
ASSETS
Non-current assets                                 122 247       73 171
Plant and equipment                                  8 308        8 365
Intangible assets                                  109 883       60 356
Financial asset                                        522          522
Deferred taxation                                    3 534        3 928
Current assets                                     436 369      345 208
Trade receivables                                  368 931      320 311
Other receivables                                   36 764       11 046
Current tax receivable                               1 129          304
Amounts owing from related parties                       –          761
Cash and cash equivalents                           29 545       12 786

Total assets                                       558 616      418 379

EQUITY AND LIABILITIES
Capital and reserves                               147   963    123 699
Non-current liabilities                             49   516      5 023
Interest-bearing borrowings                         37   402        164
Long-term provision                                  1   966      1 976
Financial liabilities                               10   148      2 882
Deferred taxation                                          –          1
Current liabilities                                361   137    289 657
Trade and other payables                           199   664    139 002
Current tax payable                                  3   650        253
Current portion of interest-bearing borrowings       3   430        157
Amounts owing to related parties                         167        246
Financial liabilities                                5   293      2 596
Short-term borrowings and overdraft                137   829    138 252
Short-term provisions                               11   104      9 151

Total equity and liabilities                       558 616      418 379
NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Annual General Meeting of Santova will be
held in the Harbour View boardroom, Santova House, 88 Mahatma Gandhi Road,
Durban, 4001 on Tuesday, 30 July 2013 at 12H00 to transact business as
stated in the notice of the Annual General Meeting. The notice of the
Annual General Meeting forms part of the 2013 Annual Integrated Report.

Durban
30 May 2013
JSE SPONSOR
River Group

Date: 30/05/2013 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.