Posting of annual report and notice of AGM Marshall Monteagle PLC (Incorporated in Jersey and registered as an external company in South Africa) Company registration number: 102785 External registration number: 2010/024031/10 JSE share code: MMP ISIN: JE00B5N88T08 (“Marshall” or “the Company”) POSTING OF ANNUAL REPORT, CHANGE STATEMENT AND RESTATEMENT OF RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2013 AND DETAILS OF THE ANNUAL GENERAL MEETING (“AGM”) Posting of integrated report Marshall shareholders (“Shareholders”) are advised that further to Marshall’s reviewed results for the year ended 30 September 2014, published on the Stock Exchange News Service operated by JSE Limited (“SENS”) on Friday, 19 December 2014 (“Results”), Marshall’s audited annual financial statements for the year ended 30 September 2014 (“AFS”) as contained in the integrated report 2014 of the Company (“Integrated Report”) have been distributed to Shareholders today, 4 March 2015. Change statement and restatement of the results for the years ended 30 September 2014 and 2013 respectively In preparing the Integrated Report and the AFS contained therein, it was noted that the reconciling line item “Reclassification of previously recognised gains on disposal of available for sale investments” included in the headline earnings per share calculation as set out in the Results and “Reclassification of previously recognised gains on disposal of available for sale investments” included in the headline earnings per share calculation as set out in note 7 to the audited annual financial statements for the year ended 30 September 2013 were incorrectly disclosed. The comparative figure for headline earnings per share has been restated from 6.4 US cents per share to 5.2 US cents per share. The restatement arises from an error in the adjustment related to previously recognised profits on disposal of available for sale investments. The original adjustment was presented as an add-back to basic earnings per share but should have been presented as a deduction from basic earnings per share. The amended disclosure of this line item in the AFS and the impact thereof in comparison to the Results and the audited results for the year ended 30 September 2013 is set out below. Other than as aforesaid and indicated below, there were no changes between the AFS and the information published in the Results. Reviewed Audited Audited Restated results for results for results for results for the year the year the year the year ended 30 ended 30 ended 30 ended 30 September September September September 2014 2014 2013 2013 US$000 US$000 US$000 US$000 Reconciliation between basic and headline earnings per share Basic earnings per share 3 297 3 297 5 505 5 505 Adjusted for, net of applicable tax: Investment property revaluations (695) (695) (3 359) (3 359) Reclassification of previously recognised profits on disposal of available for sale investments 170 (170) 213 (213) Gain on bargain purchase of joint venture net of tax (168) (168) - - Loss/(profit) on disposal of non-current tangible assets 7 7 (53) (53) Headline earnings 2 611 2 271 2 306 1 880 Weighted average number of shares 35 857 512 35 857 512 35 857 512 35 857 512 Headline earnings per shares (US cents) 7.3 6.3 6.4 5.2 Difference from previously reported (US cents) (1.0) (1.2) Percentage difference from previously reported % (13.7) (18.8) Notice of AGM Notice is hereby given that the annual general meeting of the Company will be held at its registered office at 3rd Floor, 37 Esplanade, St. Helier, Jersey, JE2 3QA on 14 April 2015 at 12h00 (UK time) to transact the business as stated in the notice of AGM ,which forms part of the AFS. The record date to receive the notice of AGM is Friday, 20 February 2015. Record dates For shareholders registered on the South African Register, the record date for receipt of the Notice of AGM is Friday, 27 February, the Last Date to trade in order to be entitled to vote at the AGM is Thursday, 26 March 2015 and the Record Date in order to be entitled to attend and vote at the AGM is Thursday, 2 April 2015. Proxy forms must be lodged by no later than 12:00 (UK time) on Friday, 10 April 2015. . Johannesburg 4 March 2015 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 04/03/2015 03:56:00 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.