CORRECTION OF ERROR

Ububele Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000140182
(a''Ububelea'' or a''the Companya'')

CORRECTION OF ERROR


Shareholders are advised that Ububele has been made aware of an error in
the calculation of headline earnings in the annual report for the year
ended 30 June 2011 (a''Audited Resultsa'') and the reviewed provisional
financial statements for the year ended 30 June 2011 (a''Reviewed

Resultsa''), due to the omission of a gain on a bargain purchase. The

error was identified in the JSEa''s proactive monitoring review process.


Accordingly shareholders are hereby advised that the changes to note 26
of the Audited Results are as follows:

26. Earnings per share               GROUP

                                     Audited       Changed

                                     30 June       Audited 30

                                     2011          June 2011     Change
                                     R             R             R
The calculation of basic and
headline earnings per share is
based on the following
attributable profits and weighted
average
number of shares.

Continuing operations
Profits attributable to parent

shareholders                         8 371 921     8 371 921     -
Loss on disposal of property,

plant and equipment                  36 149        36 149        -


Profit on disposal of investment     -             -             -


Impairment of investment             -             -             -
Bargain purchase on business

combination                          -             (1 137 796)   (1 137 796)


Headline earnings                    8 408 070     7 270 274     (1 137 796)

Discontinued operations
Loss attributable to parent

shareholders                         (6 163 956)   (6 163 956)   -

Weighted average number of

ordinary shares in issue             177 161 405   177 161 405   -
Weighted average number for

diluted shares                       177 161 405   177 161 405   -

Earnings per share
Basic earnings per share from

continuing operations (in cents)     4.73         4.73        -
Headline earnings per share from

continuing operations (in cents)     4.75         4.10        (0.64)
Diluted earnings per share from

continuing operations                4.73         4.73        -
Diluted headline earnings per
share from continuing operations

(in cents)                           4.80         4.10        (0.70)
Basic earnings per share from

discontinued operations (in cents)   (3.48)       (3.48)      -
Headline earnings per share from

discontinued operations (in cents)   (3.48)       (3.48)      -
Diluted earnings per share from

discontinued operations (in cents)   (3.48)       (3.48)      -
Diluted headline earnings per
share from discontinued operations

(in cents)                           (3.48)       (3.48)      -


Shareholders should also take note that the above changes will also

apply to the headline earnings information publish in the Reviewed
Results released on SENS on 15 September 2011.

3 July 2012
Designated Adviser
PSG Capital (Pty) Limited

Date: 03/07/2012 04:28:00 Supplied by www.sharenet.co.za                     
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