UBUBELE HOLDINGS LIMITED - Notice of first meeting of creditors in terms of section 147(2) of the Companies Act 71 of 2008

Notice of first meeting of creditors in terms of section 147(2) of the Companies Act 71 of 2008

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

NOTICE OF FIRST MEETING OF CREDITORS IN TERMS OF SECTION
147(2) OF THE COMPANIES ACT 71 OF 2008

1.   Shareholders are referred to previous announcements
     released on SENS on 6, 14 and 19 August 2014.
     Shareholders are reminded that the Company has appointed
     Daniel Terblanche, Neil Miller and Cobus Kritzinger as
     the business rescue practitioners (“BRPs”) of the
     Company.

2.   Notice is hereby given that the BRPs of the Company will
     convene the first meeting of the Company’s creditors in
     terms of section 147(2) of the Companies Act 71 of 2008
     (“the Act”) as follows:

     Date:       Wednesday 27 August 2014

     Time:       14h30

     Place:      Bowman Gilfillan Inc, 22 Bree Street, Cape Town

3.   At the first meeting of creditors:

     a.    The BRPs will inform the creditors  whether they
           believe that there is a reasonable prospect of
           rescuing the Company;

     b.    The creditors may submit proof of their claims; and

     c.    The creditors may determine whether or not a
           committee of creditors should be appointed and, if
           so, may appoint the members of such a committee.

4.   In terms of section 146(a) of the Act, holders of any
     issued security of the Company are entitled to notice of
     this meeting.

5.   A copy of the notice convening the meeting is available
     for inspection on the website of the Company at
     www.ububele.co.za.

20 August 2014

Cape Town

Designated Adviser
PSG Capital

Date: 20/08/2014 03:50:00 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.