General SENS Submitter Company - GEN General - JSE Limited - Revised Headline Earnings Circular issued by SAICA

GEN – General - JSE Limited - Revised Headline Earnings Circular issued by SAICA

GEN – General - JSE Limited

Revised Headline Earnings Circular issued by SAICA

Headline earnings, as it appears in the JSE Listings Requirements (the “Requirements”), is defined
and calculated in accordance with the circular titled Headline Earnings issued by the South African
Institute of Chartered Accountants (“SAICA”), as may be amended from time to time.

The JSE announcement of 20 September 2022 indicated that SAICA was proposing certain
amendments to the Headline Earning circular (currently circular 1/2021) to include detailed rules to
address the new standard IFRS 17 – Insurance Contracts.

SAICA has concluded its consultation process and has issued Headline Earning circular 01/2023, which
replaces the circular 1/2021.

The circular is available here:

saicawebprstorage.blob.core.windows.net/uploads/resources/Headline-Earnings-Circular-01-2023.pdf

The above does not constitute amendments to the Requirements.

8 June 2023

Date: 08-06-2023 02:34:00
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.