SQE - Square One - Audited results for the year ended 31 December 2009

SQE - Square One - Audited results for the year ended 31 December 2009          
Square One Solutions Group Limited                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1999/026822/06)                                            
Share code: SQE ISIN: ZAE00023768                                               
("Square One" or "the company")                                                 
AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2009                             
Shareholders are referred to the audited results for the year ended 31          
December 2009 published on SENS on 30 April 2010.  This announcement contained  
the following paragraph with respect to litigation: "There is no material       
litigation pending against the company".  The correct paragraph reads as        
follows: "There is a claim against Square One by a UK based company, in the     
amount of GBP285 683.63. Square One has defended this claim and has instituted  
a counterclaim in the amount of R9 833 923. Both the Board of Directors of      
Square One, as well as its legal counsel, believes that Square One will in due  
course be able to successfully prove its claim".                                
6 May 2010                                                                      
Sponsor:                                                                        
Grindrod Bank Limited                                                           
Date: 06/05/2010 07:05:16 Supplied by www.sharenet.co.za                     
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