STRATCORP LIMITED - FINANCIAL EFFECTS OF THE DISPOSAL OF THE SOLDONNE PROPERTIES AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

FINANCIAL EFFECTS OF THE DISPOSAL OF THE SOLDONNE PROPERTIES AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

StratCorp Limited 
(Incorporated in the Republic of South Africa) 
(Registration number: 2000/031842/06) 
(Share Code: STA ISIN Code: ZAE00034294) 
("StratCorp" or "the Company") 


FINANCIAL EFFECTS OF THE DISPOSAL OF THE SOLDONNÉ PROPERTIES AND WITHDRAWAL OF 
CAUTIONARY ANNOUNCEMENT 

1. INTRODUCTION 

Shareholders are referred to the SENS announcement dated 18 July 2012 where it was announced that 
StratCorp had entered into a Sale Agreement which encompasses the sale of 53 sectional title units of the 
Sectional Scheme Soldonné (Soldonné properties) (the disposal). The unaudited pro forma financial effects of the disposal are presented below. 

2. UNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE DISPOSAL 

The unaudited pro forma financial effects of the disposal on StratCorp shareholders set out below are based on the reviewed provisional consolidated results of StratCorp and its subsidiaries for the year ended 29 
February 2012. The unaudited pro forma financial effects are the responsibility of the board of directors of StratCorp and have been prepared for illustrative purposes only and because of their pro forma nature may not fairly present StratCorps financial position or results of operations after the disposal. The directors of 
StratCorp are responsible for the preparation of the unaudited pro forma financial effects. 

				         Before the 		Pro forma After 
				           disposal 		   the disposal
				            reviewed 		       unaudited
				 29 February 2012(1) 		29 February 2012 	    % Change 

Loss per share (cents)(2)(3) 		     (9.85) 			(10.94) 		(11) 
Headline loss per share 
(cents) (2)(3)				    (11.13) 			(12.22) 		(10) 
Net asset value per share 
(cents) (4)(5) 				      10.02 			   9.05 		(10) 
Net tangible asset value per 
share (cents) (4)(5) 			       7.03 			   6.05 		(14) 
Weighted average shares in 
issue (000)			             158,312		        158,312   	          -
Shares in issue at year end 
(000) 				             158,312 			158,312 	    	  -

Notes: 

(1)The "Before the disposal" column has been extracted, without adjustment, from the reviewed provisional results of StratCorp for the year ended 29 February 2012. 
(2)The unaudited pro forma financial effects on the loss and headline loss per share were prepared on the basis that the disposal was completed on 1 March 2011. 
(3)The "After the disposal" basic earnings per share and headline earnings per share have been adjusted with a loss on the sale of the Soldonné properties of R945 723, transaction costs of 
R600 000 and a profit after tax from discontinued operations from the Soldonné properties of R175 227, which are expected to have a non-continuing effect. 
(4)The unaudited pro forma financial effects on the net asset value and net tangible asset value per share were prepared on the basis that the disposal was completed on 29 February 2012. 
(5)The "After the disposal" net asset value and net tangible asset value per share have been adjusted with the following: 

 transaction costs of R600 000 were written off to accumulated losses; 
 the book value of the Soldonné properties is R14 701 692; 
 VAT payable of R1 925 836 was raised as a liability ; and 
 a loss of R945 723 was realised on the sale of the Soldonné properties and written off to 
accumulated losses. 

3.  WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 

Shareholders are referred to the cautionary announcement dated 18 July 2012 and are advised that they no longer need to continue exercising caution in dealing in the companys securities on the JSE. 

4. CIRCULAR TO SHAREHOLDERS 

A circular to shareholders, containing a notice of general meeting of shareholders, will be dispatched to  shareholders in due course. 

29 August 2012 
Centurion 

Designated Adviser 
Exchange Sponsors 
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