Announcement regarding annual report, AGM and change statement in respect of prior year cash flow disclosure CULLINAN HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1902/001808/06) Share Code: CUL ISIN: ZAE000013710 Preference Share Code: CULP ISIN: ZAE000001947 (“the company”) ANNOUNCEMENT TO SHAREHOLDERS REGARDING ANNUAL REPORT, ANNUAL GENERAL MEETING AND CHANGE STATEMENT IN RESPECT OF PRIOR YEAR CASH FLOW DISCLOSURE Shareholders are advised that: - the annual report, incorporating a notice convening the annual general meeting of the company (“the AGM”), was distributed to shareholders on Monday, 23 December 2013 and is available on the web-site of the company at www.cullinan.co.za; - The annual report contains a classification change to the prior year comparatives of the Audited consolidated results which were released for 2012: Dividends paid have been moved from reflecting in Financing Activities to Operating Activities and acquisitions due to business combinations have been combined whereas in the prior year they had been separately disclosed between plant, property and equipment and intangibles. This has been done to more correctly reflect the cash flow activities of the group. The effect is detailed below: Group Company 2012 2012 2012 2012 Comparative Comparative Comparative Comparative for year ended for year ended for year ended for year ended 30 September 2013 30 September 2013 30 September 2013 30 September 2013 Cash flows from operating activities Ordinary dividends paid (7 184) - (7 184) - Cash flow from Investing Activities Acquisitions due to business combinations (14 500) - (14 500) - - Property, plant and equipment - (14 000) - (14 000) - Intangible assets - (500) - (500) Cash flow from financing activities Ordinary dividends paid - (7 184) - (7 184) The above is a classification change in the statement of cash flows only and had no impact on the total cash flows for the group or company. - the AGM will be held at 10:00 on Wednesday, 26 February 2014 in the boardroom, 2nd Floor, The Travel House, 6 Hood Street, Rosebank, Johannesburg; - the record date for purposes of determining which shareholders are entitled to participate in and vote at the AGM is Friday, 14 February 2014. Accordingly, the last day to trade in order to be eligible to vote at the AGM will be Friday, 7 February 2014. By order of the board. Johannesburg 23 December 2013 Sponsor Arcay Moela Sponsors Proprietary Limited Date: 23/12/2013 07:08:00 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.