Sharenet Sites 
Sharenet Sites
NWL - Nu-World - Results of annual general meeting and capital distribution NU-WORLD HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration No. 1968/002490/06) Share Code: NWL & ISIN code: ZAE000005070 ("Nu-World" or "the company") RESULTS OF ANNUAL GENERAL MEETING AND CAPITAL DISTRIBUTION RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that all of the ordinary resolution and special resolution proposed at the Annual General Meeting of Nu-World held on Wednesday, 23 January 2007 ("the AGM") were passed by the requisite majorities of shareholders present or represented by proxy at the AGM. The special resolution will be submitted for registration at the Companies and Intellectual Property Registration office in due course. Capital distribution As announced on SENS on 24 October 2006, the Board has resolved to make a distribution to ordinary shareholders from the Company`s share premium account amounting to 120,8 cents per ordinary share ("the capital distribution") Notice is hereby given that the board of directors ("the board") has resolved to distribute to ordinary shareholders a portion of the share premium account in lieu of a dividend to ordinary shareholders of the Company. The capital distribution will be paid in terms of a general authority to make such payments granted to the board by shareholders at the Company`s AGM held on Wednesday, 24 January 2007. The capital distribution will amount to 120.8 cents per ordinary share, based on a reduction to share premium of R27,356,929. The following salient dates will be applicable: Last date to trade "cum" the capital distribution Friday, 2 February 2007 Trading commences "ex" the capital distribution Monday, 5 February 2007 Record date Friday, 9 February 2007 Date of payment Monday, 12 February 2007 Share certificates may not be dematerialised or rematerialised between Monday, 5 February 2007 and Friday, 9 February 2007, both dates inclusive. Financial effects The table below illustrates the effect of the capital distribution on the earnings and net asset value per Nu-World ordinary share and is based on the audited results for the year ended 31 August 2006. These financial effects which have been reviewed by the Company`s auditors, Tuffias Sandberg KSi, are prepared for illustrative purposes only, are the responsibility of the Board, and because of their nature, may not give a true indication of the Company`s financial position and results of operations. Before After Change
(cents) (cents) (%) Earnings per share (cents) 378.3 372.1 (1.6) Headline earnings per share (cents) 378.3 372.1 (1.6) Net asset value per share (cents) 2 238.0 2 105.6 (5.9) Net tangible asset value per share (cents) 2 081.9 1 949.5 (6.4) Notes to the financial effects: It is assumed that the capital distribution had been paid to shareholders on 1 September 2005; and based on a reduction of R27,356,929 and an after tax interest rate earned on cash resources of 4,9%. By the order of the Board Johannesburg 24 January 2007 Sponsor Sasfin Capital (A division of Sasfin Bank Limited) Date: 24/01/2007 13:08:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
