ACCENTUATE LIMITED - Withdrawal of Cautionary Announcement

Withdrawal of Cautionary Announcement

Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share Code: ACE ISIN : ZAE 000 115986
(“Accentuate” or “the Company”)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcements issued on 28 December 2015 and 11 February 2016 where
Accentuate shareholders were advised of fraudulent activities identified as part of internal audit work
at Floorworx Africa Proprietary Limited, a 100% subsidiary of Accentuate, the Company is continuing
to take appropriate actions to protect its interests. The actions include having opened a criminal case
and obtaining urgent interdicts to freeze bank accounts of the alleged perpetrator and related parties,
and the company is cooperating fully with the authorities in their investigations. The investigations and
legal processes are continuing.

The total amount identified to date in the fraud is approximately R70 million over a ten year period.
The audit committee of Accentuate has considered the information currently available and is of the
opinion that the known impact of the fraud has been accounted for in results previously reported or
shortly to be reported.

Since the pertinent details have been released to shareholders and no contingent liabilities have
arisen, shareholders are no longer required to exercise caution when dealing in Accentuate shares.

Johannesburg
19 February 2016
Designated Adviser: Bridge Capital Advisors Proprietary Limited

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