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UBU - Ububele Holdings Limited - Trading Statement Ububele Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/011074/06) Share code: UBU ISIN Code: ZAE000144739 ("Ububele" or "the Company") TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the next period to be reported on will show a 20% or more difference from those of the previous corresponding period. Ububele hereby advises that a reasonable degree of certainty exists that, for the six months ended 31 December 2011: * headline earnings per share from continuing operations will be between 5.32 cents and 6.28 cents or between 10% to 30% higher than that for the six months ended 31 December 2010; * attributable earnings / (loss) per share from continuing operations will be between (9.25) cents and (10.53) cents or between 244% to 264% lower than that for the six months ended 31 December 2010; * headline earnings per share from all operations (including discontinued operations) will be between 1.67 cents and 2.63 cents or between 46% to 66% lower than that for the six months ended 31 December 2010; and * attributable earnings / (loss) per share from all operations (including discontinued operations) will be between (12.90) cents and (14.18) cents or between 301% to 321% lower than that for the six months ended 31 December 2010. Management continued with the restructuring and aggressive cost cutting at Just Fruit and Veg (Pty) Limited ("Just Fruit and Veg") during the six month period ended 31 December 2011. While management have been relatively successful in the restructuring and the aggressive cost cutting exercise, Just Fruit and Veg continues to be a loss making business. As such the board has decided to fully impair the investment in Just Fruit and Veg. Just Fruit and Veg will be classified as a discontinued operation in the results for the six months ended 31 December 2011. This financial information has not been reviewed or reported on by the auditors of Ububele. The results for the six months ended 31 December 2011 will be published on or about 29 March 2012. 5 March 2012 Designated Adviser PSG Capital (Pty) Limited Date: 05/03/2012 16:55:01 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.
