UBUBELE HOLDINGS LIMITED - Notice in terms of section 129(3)(a) of the Companies Act

Notice in terms of section 129(3)(a) of the Companies Act

UBUBELE HOLDINGS
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000144739
(“Ububele” or “the Company”)

NOTICE IN TERMS OF SECTION 129(3)(a) OF THE COMPANIES ACT

Shareholders are referred to the SENS announcement dated 6
August 2014 whereby shareholders were advised that the board
of directors of Ububele (“the Board”) had resolved to commence
with voluntary business rescue proceedings as provided for by
section 129 of the Companies Act, No 71 of 2008, as amended
(“the Companies Act”) and that the Company be placed under
supervision in terms of section 129(1) of the Companies Act.

The decision was taken by the Board as it has reasonable
grounds to believe that the Company is financially distressed
as contemplated by section 128(1)(f) of the Companies Act and
that there is a reasonable prospect of rescuing the Company as
envisaged by sections 128(1)(h) and 128(1)(b) of the Companies
Act.

Shareholders are hereby advised that they are regarded as
“affected persons” in terms of section 128(1)(a) of the
Companies Act and are entitled to notice of the business
rescue proceedings.

Accordingly, the following documents relating to the business
rescue proceedings are available for inspection on the website
of the Company at www.ububele.co.za:

i)   a copy of Form CoR123.1, being the Notice of Beginning of
     Business Rescue Proceedings;
ii) a copy of the resolution adopted by the Company on 6
     August 2014 and filed with the Companies and Intellectual
     Property Commission on 6 August 2014; and
iii) the sworn statement by a director of the Company setting
     out the facts relevant to the grounds upon which the
     board resolution was founded.

Shareholders should note that in terms of section 132(1)(a)of
the Companies Act, the Company’s business rescue proceedings
commenced on 6 August 2014.

14 August 2014
Cape Town

Designated Adviser
PSG Capital

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