Change statement and notice of annual general meeting Ububele Holdings Limited Incorporated in the Republic of South Africa (Registration number: 1998/011074/06) Share code: UBU ISIN Code: ZAE000140182 (“Ububele” or “the Company”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING CHANGE STATEMENT Shareholders are hereby advised that the abridged annual report containing the audited abridged financial statements for the year ended 30 June 2013 (“the Audited Results”) were posted to shareholders yesterday, 6 November 2013 (“the 2013 Abridged Annual Report”), and save for the changes set out below, the Audited Results contain no material modifications to the reviewed provisional financial results which were published on the Stock Exchange News Service of the JSE Limited on 30 September 2013 (“the Reviewed Results”). Audited Results for the year ended 30 June 2013 Group Abridged Consolidated Statement of Financial Position Figures in Rand Notes Reviewed Audited 2013 2013 Change ASSETS R R R Non-Current Assets Property, plant and equipment 22 546 615 22 546 615 - Goodwill 66 006 912 66 006 912 - Intangible assets 1 22 817 721 21 766 733 1 050 988 Deferred taxation 1 19 304 797 20 355 785 (1 050 988) Available-for-sale financial assets at fair value 5 179 892 5 179 892 - 135 855 937 135 855 937 - LIABILITIES Non-Current Liabilities Loans payable 2 219 959 353 216 783 748 3 175 605 Amounts due on instalment sale agreements 2 4 600 155 2 775 805 1 824 350 Deferred taxation 3 465 632 3 465 632 - 3 228 025 140 223 025 185 4 999 955 Current Liabilities Trade and other payables 149 221 204 149 221 204 - Loans from shareholders - - - Loans payable 2 6 842 727 12 880 135 (6 037 408) Taxation 924 845 924 845 - Amounts due on instalment sale agreements 2 3 194 422 2 156 969 1 037 453 Derivative financial instruments - - - Bank overdraft 1 119 737 1 119 737 - 3 161 302 935 166 302 890 (4 999 955) Total Liabilities 389 328 075 389 328 075 - The difference between the audited annual financial statements and the reviewed results arise from the change in disclosure of the following items. There has not been any material change in the amounts Note 1: An amount of R1 050 988 were re-allocated to deferred taxation asset from intangible assets. Note 2: A loan of R2 861 803 were re-allocated from amounts due on instalment sale agreements to loans payable. Note 3: A re-allocation was made between the current and non-current portions of both loans payable and amounts due on instalment sales. The Group Abridged Consolidated Statement of Financial Position set out above is extracted from audited information, but is not itself audited. The directors of Ububele take full responsibility for the preparation of the Group Abridged Consolidated Statement of Financial Position set out above and that the financial information has been correctly extracted from the underlying annual financial statements which has been audited by Ububele’s independent auditors, Nolands Inc., whose unmodified audit report is available for inspection at the registered office of the Company. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 2013 annual general meeting of shareholders of Ububele will be held on Thursday, 5 December 2013, at 10:00am at Ububele Holdings, Ground Floor, Acorn House, Old Oak Office Park, Corner of Old Oak and Durban Roads, Bellville (“the Annual General Meeting”) to transact the business stated in the notice of Annual General Meeting, which notice forms part of the 2013 Abridged Annual Report. The date on which shareholders must be recorded in the share register of the Company for purposes of being entitled to attend and vote at the Annual General Meeting is Friday, 29 November 2013, with the last day to trade being Friday, 22 November 2013. 7 November 2013 Cape Town Designated Adviser PSG Capital (Pty) Limited Date: 07/11/2013 12:00:00 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.