Posting of Integrated Report for year end August 2014 and notice of AGM 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 Company”) POSTING OF NU-WORLD’S INTEGRATED REPORT, RESTATEMENT OF RESULTS FOR THE YEAR ENDED 31 AUGUST 2014 AND DETAILS OF THE ANNUAL GENERAL MEETING (“AGM”) Posting of integrated report Nu-World shareholders (“Shareholders”) are advised that further to Nu-World’s audited condensed financial statements for the year ended 31 August 2014, published on Wednesday, 22 October 2014 (“Results”), Nu-World’s audited annual financial statements for the year ended 31 August 2014 (“AFS”) as contained in the integrated annual report 2014 (“Integrated Report”) have been distributed to Shareholders on 22 December 2014. Restatement of the Results for the year ended 31 August 2014 In finalising the Integrated Report and the AFS contained therein, it was identified that an adjustment to the share-based payment reserve of R15 369 000 was required in order to comply with the requirements of IFRS 2 (“Adjustment”). The audit opinion expressed on the AFS on 22 October 2014 from which the Results were derived, has been redated to 10 November 2014 and covers the AFS incorporated in the Integrated Report which include the Adjustment. The restated statement of financial position and statement of changes in equity as disclosed in the AFS incorporated in the Integrated Report in comparison to the information set out in the Results is set out below. The Adjustment had no impact on the statement of cash flows and statement of comprehensive income disclosed in the Results. Condensed Condensed Difference audited as audited as restated in the disclosed in the AFS Results for the incorporated in year ended the Integrated 31 August 2014 Report for the year ended 31 August 2014 R’000 R’000 R’000 CONDENSED GROUP STATEMENT OF FINANCIAL POSITION ASSETS Non-current assets Fixed assets 30 482 30 482 - Intangible assets 62 584 62 584 - Investment in associate 107 107 - Deferred taxation 9 731 9 731 - Current assets Assets classified as held for sale 4 000 4 000 - Inventory 431 440 431 440 - Trade and other receivables 402 572 387 203 15 369 Cash and cash equivalents 105 596 105 596 - Total assets 1 046 512 1 031 143 15 369 EQUITY AND LIABILITIES Ordinary shareholders’ funds 757 713 742 344 15 369 Non-controlling interest 39 954 39 954 - Total shareholders’ funds 797 667 782 298 15 369 Current liabilities Bank overdraft 37 648 37 648 - Trade and other payables 211 197 211 197 - Total equity and liabilities 1 046 512 1 031 143 15 369 Condensed Condensed Difference audited as audited as restated in the disclosed in the AFS Results for the incorporated in year ended the Integrated 31 August 2014 Report for the year ended 31 August 2014 R’000 R’000 R’000 CONDENSED GROUP STATEMENT OF CHANGES IN EQUITY Balance as at 1 September 677 956 677 956 - Total attributable income for the year 75 163 75 163 - Dividend paid (13 452) (13 452) - Movement in foreign currency translation reserve 3 918 3 918 - Treasury share movement (1 241) (1 241) - Issue of share-based payment awards 15 369 - 15 369 Balance as at 31 August 757 713 742 344 15 369 Notice of AGM Notice is hereby given that the AGM of Shareholders will be held in the boardroom of Nu-World at 35, 3rd Street, Wynberg, Sandton at 10h00 on Wednesday, 11 February 2015 for the purpose of conducting the business as stated in the notice of AGM forming part of the Integrated Report. Record dates and last day to trade The notice of AGM was posted to Shareholders who were recorded as such in the Company's securities register on, Friday 12 December 2014. The date on which Shareholders must be recorded as such in the Company's securities register in order to attend and vote at the AGM is Friday, 6 February 2015. The last day to trade in order to be entitled to vote at the AGM is Friday, 30 January 2015. Proxy Forms must be lodged by no later than 10h00 on Monday, 9 February, 2015. Johannesburg 22 December 2014 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 22/12/2014 04:29:00 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.