TISO BLACKSTAR GROUP SE - Update On Publication Of Financial Results For The Year Ended 30 June 2019

Update On Publication Of Financial Results For The Year Ended 30 June 2019

TISO BLACKSTAR GROUP SE
(Incorporated in England and Wales)
(Registration number SE000110)
(Registered as an external company with limited liability in the Republic of South Africa under registration
number 2011/008274/10)
JSE share code: TBG ISIN: GB00BF37LF46
("Tiso Blackstar" or "the Company")

UPDATE ON PUBLICATION OF FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019

Shareholders are advised that Tiso Blackstar is expecting a delay in the release of the 30 June 2019 full-year
financial results due to the following factors:

•   The category 1 transaction first announced on 27 June 2019, entailing the disposal of the bulk of the
    Tiso Blackstar group’s (“Group”) media, broadcast and content businesses, has resulted in accounting
    and disclosure complexities associated with the restructuring and unbundling of these integrated
    operations, to ensure that they are appropriately classified as non-current assets held for sale and
    recorded as discontinued operations under IFRS 5 Non-current assets held for sale and Discontinued
    Operations. This also includes the requirement to reclassify the prior year comparative results in
    accordance with this accounting standard;
•   There has been a delay in receiving the financial results of certain associates for equity accounting into
    the Group’s financial results; and
•   The delay in finalising the results due to the abovementioned complexities and delays has also impacted
    on the timing of the audit, with the Group’s auditors requiring appropriate time to complete their review
    and audit of the Group’s financial results.

Tiso Blackstar’s board of directors expects that the Group’s reviewed financial results for the year ended 
30 June 2019 will be published on SENS on or about 21 October 2019.

The integrated report and audited financial results are expected to be released by 31 October 2019.

Tiso Blackstar remains committed to accurate and timely reporting to stakeholders.

London
26 September 2019

Sponsor
PSG Capital
Date: 26/09/2019 04:30:00
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