EXL - Excellerate Holdings Limited - Posting of Excellerate`s Annual Report and details of the Annual General Meeting Excellerate Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1997/009884/06) JSE code: EXL ISIN: ZAE000026092 ("Excellerate" or "the Company") POSTING OF EXCELLERATE`S ANNUAL REPORT AND DETAILS OF THE ANNUAL GENERAL MEETING ANNUAL REPORT Excellerate shareholders ("Shareholders") are advised that further to Excellerate`s reviewed consolidated results for the year ended 30 June 2011, published on Wednesday, 28 September 2011 ("Results"), Excellerate`s audited annual financial statements for the year ended 30 June 2011 ("AFS") as contained in the annual report ("Annual Report") have been distributed to Shareholders by registered mail on Wednesday, 21 December 2011. In preparing the AFS, no material modifications to the Results were made, however, certain changes as a result of reclassifications were made, as detailed below: As disclosed in the As disclosed in the AFS Results
2011 2010 2011 2010 R`000 R`000 R`000 R`000 Statement of comprehensive income Finance income 7 366 2 348 7 366 976 Finance costs (22 319) (8 496) (22 319) (7 125) Statement of financial position
Goodwill 203 890 103 816 202 499 103 816 Intangible assets 21 398 6 823 22 789 6 823
Statement of cash flows Cash flows from (144 260) (39 963) (140 092) (36 investing activities 935) Cash flows from 99 285 4 426 95 117 1 398 financing activities
Interest bearing debt 133 005 15 031 131 292 15 031 raised Interest bearing debt (33 740) (10 863) (32 027) repaid (10 863)
2010 As disclosed in the AFS Property Procureme Corporate services nt and R`000 R`000 logistics
R`000 Total R`000
Segmental report Finance income 2 225 3 102 5 352 10 679
Finance costs (3 782) (4 698) (8 840) (17 298) 2010 As disclosed in the Results Property Procureme Corporate services nt and R`000 R`000 logistics R`000
Total R`000 Segmental report Finance income 2 225 2 593 5 352 10 170 Finance costs (4 271) (4 677) (8 350) (17 298) ANNUAL GENERAL MEETING The annual general meeting of Shareholders will be held at 1st Floor, Atholl Square, corner Katherine Street and Wierda Road East, Sandown, Sandton, Johannesburg, South Africa on Friday, 20 January 2012 at 14h00, to transact the business as stated in the annual general meeting notice forming part of the Annual Report. The Annual Report is available on the Company`s website at www.excellerate.co.za. Sandton 21 December 2011 Sponsor One Capital Date: 21/12/2011 15:00:01 Supplied by www.sharenet.co.za 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.