VISUAL INTERNATIONAL HOLDINGS LIMITED - Short Form Announcement - Audited Condensed Consolidated Results for the Year Ended 28 February 2021

Short Form Announcement - Audited Condensed Consolidated Results for the Year Ended 28 February 2021

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN Code: ZAE000187407       Share code: VIS
(“Visual” or “the Company” or “the Group”)

SHORT-FORM ANNOUNCEMENT
AUDITED CONDENSED CONSOLIDATED RESULTS FOR YEAR ENDED 28 FEBRUARY 2021


Visual is a property developer that acquires land, rezones the land, installs the relevant services
and then constructs houses and apartments on the land for sale to homeowners or investors.
Visual focuses on the development of entire suburbs which comprise houses, apartments,
lifestyle and retirement accommodation, retail facilities, schools, offices, and recreation as well
as other related facilities. With this focus, Visual is able to ensure the overall quality and integrity
of the suburb. It enables Visual to supply quality residences and other facilities at affordable
prices. Furthermore, providing these combinations in a single suburb leads to job creation,
which is important to the owners and occupants. To date, close to 500 homes and apartments
have been developed by Visual at Stellendale.

Salient Features
Extracted from the audited condensed consolidated results for the year month ended
28 February 2021:

                                   28 February       29 February
                                          2021              2020       Percentage        Decline or
                                       Audited           Audited           Change       Improvement
 Revenue                                23 173           423 173             94.5%          Decline
 Operating loss                     (7 012 431)      (31 905 494)            78.02%     Improvement
 Headline loss per share                 (2.05)           (11.53)            82.22%     Improvement
 Loss per share                          (2.05)            (9.74)            78.95%     Improvement
 Dividend                                    -                 -                 -                -
 Net asset value per share               (4.35)            (3.16)            37.65%         Decline

Short-Form Announcement
The short-form announcement is the responsibility of the Board of Directors of Visual and is only
an extract of the information contained in the audited condensed consolidated results for the
year ended 28 February 2021.

The short-form announcement is the responsibility of the Directors and is only a summary of
information set out in the full announcement which is available on the Company’s website
(www.visualinternational.co.za). This announcement does not contain full or complete details
and any investment decisions by investors and/or shareholders should be based on
consideration of the published SENS announcement available on:

https://senspdf.jse.co.za/documents/2021/JSE/ISSE/VIS/VISAR21.pdf
The unqualified audit opinion, which includes communication on key audit matters, together
with the annual financial statements, can be accessed by the following link:

https://visualinternational.co.za/investorrelations/SENS

Copies of the full announcement may be requested from the Company
(leeanne@visualinternational.co.za) or inspected at the registered office and/or the
Designated Advisors’ office, at no charge, during office hours.

By order of the Board
Cape Town

31 May 2021

Directors: CK Robertson; R Kadalie; RR Richards*#; CT Vorster*#; LT Matholwa*# N Zuma*
(* non-executive # independent)
Registered Address: 23 Kleinplaas, Hohenort Street, Stellenberg, 7550 (P.O. Box 3163, Tyger
Valley, 7536)
Company Secretary: Light Consulting Proprietary Limited
Auditors: BDO South Africa Incorporated, 106 Park Drive, Port Elizabeth Central, Port Elizabeth,
6001
Transfer Secretaries: JSE Investor Services Proprietary Limited, 13th Floor, 19 Ameshoff Street,
Braamfontein, 2017
Designated Advisor: AcaciaCap Advisors Proprietary Limited
Website: www.visualinternational.co.za


Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 31-05-2021 04:50:00
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