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Further Trading Statement
Bauba Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
(“Bauba” or “the Company”)
FURTHER TRADING STATEMENT
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are
required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial
results to be reported on will differ by more than 20% from that of the previous corresponding period.
Further to the announcement released on SENS on 15 March 2016, a review of the financial results for the
six month period ended 31 December 2015 by management has indicated that the loss per share and
headline loss per share are both expected to be between 1.66 cents and 2.14 cents, reflecting a decrease in
loss of between 11% and 31% compared to the loss per share and headline loss per share of 2.4 cents for
the six month period ended 31 December 2014.
This significant adjustment of approximately R15 million is due to an allowance being made for a doubtful
debtor account. Currently, there is uncertainty on the recovery of the aforesaid quantum as that trade debtor
is presently undergoing business rescue proceedings in terms of the Companies Act, 2008 (Act 71 of 2008),
as amended.
The financial information on which this trading statement is based has not been reviewed or reported on by
the Company’s auditors. The Company’s interim results for the six month period ended 31 December 2015
are expected to be released on SENS on or about 31 March 2016.
Johannesburg
24 March 2016
Sponsor
Merchantec Capital
Date: 24/03/2016 04:12:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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information disseminated through SENS.
