UBUBELE HOLDINGS LIMITED - Extension To The Deadline For The Publication Of The Business Rescue Plans Of Ububele Holdings Limited

Extension To The Deadline For The Publication Of The Business Rescue Plans Of Ububele Holdings Limited

     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”)

     EXTENSION TO THE DEADLINE FOR THE PUBLICATION OF THE BUSINESS
     RESCUE PLANS OF UBUBELE HOLDINGS LIMITED AND SUBSIDIARIES

1.     Shareholders are referred to previous SENS announcements
       concerning the business rescue proceedings in Ububele and in
       nine of its subsidiaries (“the Ububele Subsidiaries”).

2.     In terms of section 146(a) of the Companies Act 71 of 2008
       (“the Act”), each holder of any issued security of a company
       is entitled to notice of each court proceeding or “other
       relevant event” relating to the business rescue.

3.     Shareholders were previously advised that the business
       rescue practitioners appointed in respect of Ububele and the
       Ububele Subsidiaries intended to apply to the High Court of
       South Africa (Western Cape Division, Cape Town) for an order
       extending the time periods prescribed for the publication of
       the business rescue plans in terms of section 150(5) of the
       Act.

4.     The application was filed on 10 September 2014 and was heard
       on 12 September 2014.

5.     The order granted by the Honourable Mr Justice S Desai
       provides that:

       5.1.   the time periods within which the business rescue
              plans must be published be extended to 23 October
              2014;

       5.2.   the duration of the business rescue proceedings be
              extended to 3 December 2014.

6.     Copies of the order granted in this matter, as well as all
       notices and announcements relating to the business rescue
       proceedings, will be made available on the website
       www.tinyurl.com/mazars-ububele. Alternatively, you may
       request a copy by emailing k.vandepol@bowman.co.za.

12 September 2014
Cape Town

Designated Adviser
PSG Capital

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