MICROMEGA HOLDINGS LIMITED - General Repurchase of Shares

General Repurchase of Shares

MICROmega HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/003821/06)
JSE share code: MMG ISIN: ZAE000034435
(“MICROmega” or “the company”)


GENERAL REPURCHASE OF SHARES


Shareholders are referred to the announcement published on SENS on 30 July 2013 whereby it was
announced that MICROmega has cumulatively repurchased 5,597,285 of its own shares (comprising
5.55% of its issued share capital) out of the group’s available cash resources for an aggregate cost of
R16 861 306.14 (“the repurchases”).

FINANCIAL EFFECTS OF THE REPURCHASES

The pro forma financial effects of the repurchases on MICROmega’s net asset value, net tangible asset
value, earnings and headline earnings per share for the year ended 31 December 2012 are set out
below.

The pro forma financial effects are the responsibility of the directors of MICROmega and have been
prepared for illustrative purposes only, to provide information on how the repurchases may have
impacted on the historical financial results of MICROmega for the year ended 31 December 2012. The
pro forma financial effects have not been reviewed by MICROmega’s auditors.

Due to its nature, the pro forma financial effects may not give a fair reflection of MICROmega’s
financial position and results of operations subsequent to the repurchases.

                                                             Before the        After the
                                                            repurchases     repurchases    % change
    Net asset value (cents)                                      311.97          315.19        1.0%
    Tangible net asset value (cents                              259.71          260.65        0.4%
    Basic earnings per share (cents)                              12.39           12.75        2.9%
    Headline earnings per share (cents)                           32.58           33.82        3.8%
    Diluted earnings per share (cents)                            12.24           12.58        2.8%
    Diluted headline earnings per share (cents)                   32.18           33.38        3.7%

Notes and assumptions -

-     The figures set out in the “Before the repurchases” column above have been extracted, without
      adjustment, from the audited results for the year ended 31 December 2012.
-     MICROmega’s audited results for the year ended 31 December 2012 include the impact of
      1,698,438 shares repurchased in terms of the repurchases for an aggregate cost of R7 563 885.32.
      Accordingly, the above pro forma financial effects reflect the impact of the remaining 3,898,847
      shares repurchased in terms of the repurchases for an aggregate cost R9 297 420.82.
-     The repurchases are assumed to have been implemented on 1 January 2012 for earnings and
      headline earnings per share purposes and on 31 December 2012 for net asset and tangible net
      asset value per share purposes.
-     It is assumed that the repurchases were funded out of the available cash resources of the
      company which were earning interest at an after tax interest rate of 2.4% per annum.


Johannesburg
12 August 2013


Sponsor
Java Capital

Date: 12/08/2013 02:17:00 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.