STA - StratCorp - Review Opinion in respect of the Reviewed Condensed

STA - StratCorp - Review Opinion in respect of the Reviewed Condensed           
Provisional Financial Statements for the year ended 29 February 2012            
STRATCORP LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2000/031842/06)                                           
JSE code: STA                                                                   
ISIN ZAE000034294                                                               
("StratCorp" or "the Company" or "the Group")                                   
REVIEW OPINION IN RESPECT OF THE REVIEWED CONDENSED PROVISIONAL FINANCIAL       
STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2012                                  
StratCorp`s auditors have updated the review opinion, an extract of which was   
quoted in the reviewed condensed provisional financial statements for the year  
ended 29 February 2012 as confusion resulted in respect thereof.  The Company   
wishes to clarify that the statement "except for the possible effects of the    
matter described in the Emphasis of Matter paragraph below" contained in the    
review opinion in the results announcement published on SENS on 30 May 2012     
which statement may deem the opinion to be a qualification, has been removed as 
the review opinion contained an Emphasis of Matter and not a qualification.     
StratCorp confirms that the review opinion contains an Emphasis of Matter as set
out below:                                                                      
Conclusion                                                                      
Based on our review, nothing has come to our attention that causes us to believe
that the annual financial statements do not present fairly, in all material     
respects the financial position of StratCorp Limited as at 29 February 2012 and 
its financial performance and cash flows for the year then ended, in accordance 
with International Financial Reporting Standards and the requirements of the    
Companies Act of South Africa.                                                  
Emphasis of Matter                                                              
Without qualifying our conclusion, we draw attention to the Going Concern Report
in these provisional financial results which indicates that the Group incurred a
net loss of R15,5 million for the year ended 29 February 2012, and the current  
liabilities of the Group exceeded its current assets by R7,2 million as at 29   
February 2012. The Going Concern report also indicates that these conditions,   
along with other matters, indicate the existence of a material uncertainty      
relating to the Group`s ability to continue as a going concern."                
The review opinion is available for inspection at the company`s registered      
office.                                                                         
Pretoria                                                                        
5 June 2012                                                                     
Designated Adviser                                                              
Vunani Corporate Finance                                                        
Date: 05/06/2012 14:09:01 Supplied by www.sharenet.co.za                     
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