HULISANI LIMITED - Change Statement and Notice of Annual General Meeting

Change Statement and Notice of Annual General Meeting

HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL
ISIN: ZAE000212072
(“Hulisani” or “the Company”)

CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING

Shareholders of the Company (“Shareholders”) are hereby advised that the Company’s
integrated annual report (“Integrated Report”), incorporating the summarised audited
consolidated annual financial statements of the Company for the year ended 28 February
2018 (“Summarised Financial Statements”) and the notice of the annual general meeting
of the Company (“AGM”) was dispatched to Shareholders today, 31 July 2018, and contains
the following modifications to the results which were announced on SENS on 1 June 2018.

                                                         Integrated          SENS
                                                         Report          Announcement
                                                         28-Feb-18        28-Feb-18   Variance
                                                             R'000           R'000     R'000
 Interest received                                               -           8,000    (8,000) *
 Interest paid                                                   -          (7,895)    7,895**
 Net Cash inflow/(outflow) from operating activities       (30,533)        (30,428)    (105)


 Interest received                                           8,000                -      8,000*
 Net cash outflow from investing activities               (416,881)       (424,882)      8,000


 Interest paid                                              (7,895)              -      (7,895) **
 Net cash inflow/(outflow)from financing activities        (15,620)         (7,724)     (7,895)

 *     Reclassification of Interest received from cash flow from operating activities to cash
       flow from investing activities as the interest arose from investment of cash on hand
       and other investments.
 **    Reclassification of Interest paid from cash flow from operating activities to cash flow
       from financing activities as this relates to interest paid on long term borrowings.

The following reports will also be available on the Company’s website, at
www.hulisani.co.za/investment-info as from today, 31 July 2018:

1. the Integrated Report, incorporating the Summarised Financial Statements; and
2. the full audited consolidated annual financial statements of the Company for the year
   ended 28 February 2018.

NOTICE OF AGM

Notice is hereby given that the AGM will be held at 14h00 on Monday, 17 September 2018
at Hulisani Limited, 90 Rivonia Road, 4th floor, North Tower, Sandton, to transact the business
as set out in the notice of AGM which forms part of the Abridged Report.

The date on which Shareholders must be recorded as such in the share register of the
Company to be eligible to vote at the AGM is Friday, 7 September 2018, with the last day to
trade being Tuesday, 4 September 2018.

Johannesburg
31 July 2018

Sponsor
PSG Capital

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