Trading statement and restatement of previously reported financial information NU-WORLD HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1968/002490/06) Share Code: NWL ISIN code: ZAE000005070 (“Nu-World” or “the Group” or “the Company”) TRADING STATEMENT AND RESTATEMENT OF PREVIOUSLY REPORTED FINANCIAL INFORMATION In accordance with paragraph 3.4(b) of the Listings Requirement of the JSE Limited, companies are required to inform shareholders as soon as there is a reasonable degree of certainty that the earnings of the company are likely to vary by more than 20% compared to the previous reporting period. Shareholders are advised that Nu-World, for its year ended 31 August 2014, is expecting an increase in earnings per share (“EPS”) of between 100% and 110% (between 340.4 cents and 357.42 cents) in comparison to that of the prior comparative period of 170.2 cents and an increase in headline earnings per share (“HEPS”) of between 50% and 60% (334.59 cents and 356.90 cents) compared to the previous corresponding reporting period of 223.06 cents as restated below. The Group has enjoyed solid trading results over the period. The financial information on which this trading statement has been based has not been reviewed or reported on by the Group’s auditors. The Group’s results for the year ended 31 August 2014 are expected to be published on or about 22 October 2014. Arising from the JSE Limited’s pro-active monitoring of financial statements, the directors wish to inform shareholders that headline earnings, headline earnings per share and diluted headline earnings per share as disclosed in the Company’s annual financial statements for the year ended 31 August 2013 (‘’2013 AFS’’) were understated. The misstatement arose following the omission of the taxation effects of these adjustments and the resulting effect on non-controlling interest. Details of the restated headline earnings, headline earnings per share and diluted headline earnings per share are set out below. Restated As presented in 2013 AFS R’000 R’000 Basic earnings 36 457 36 457 Adjusted for: IAS 16 Gains on disposal of PPE Gains on disposal of property, plant and equipment in Nu-World Australia Proprietary Limited (20 992) (20 992) Loss on disposal of PPE from continuing operations 285 - (20 707) (20 992) IAS 38 Impairment of intangible assets included in operating expenses on discontinued operations Intellectual property impairment 14 155 14 155 Goodwill impairment 22 381 22 381 Net impairment loss 36 536 36 536 Effects of foreign exchange on impairment (2 960) IFRS 10 Gain on disposal of share in Golf & Sport - Proprietary Limited (4 448) (4 448) 32 088 29 128 Total taxation effects of adjustments 7 552 - Total non-controlling interest effects of adjustments (7 613) (3 307) Headline earnings 47 777 41 286 Headline earnings per share (cents) 223.06 192.8 Diluted headline earnings per share (cents) 213.78 184.7 29 September 2014 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 29/09/2014 05:00:00 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.