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SYGNIA LIMITED - Notification Of Change Of Auditor

Release Date: 12/06/2019 16:00
Code(s): SYG     PDF:  
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Notification Of Change Of Auditor

(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815


In compliance with sections 3.75 to 3.78 of the Listings Requirements of the JSE Limited, shareholders
are advised as follows:

At its Board meeting on 21 May 2019, the directors of Sygnia took the decision to look for alternative
external auditors given our unsatisfactory engagement with Deloitte and the reputational risk associated
with the firm.

Following further engagement with Deloitte and in the light of current news reports regarding the firm,
the members of Sygnia’s Audit Committee resolved to formally terminate Deloitte’s appointment at its
next Audit Committee meeting scheduled for 13 June 2019. Sygnia communicated its intentions to
Deloitte on 5 June 2019. Deloitte subsequently resigned as Sygnia’s auditors on 11 June 2019, ahead
of Sygnia’s Audit Committee meeting on 13 June 2019.

The process of reviewing and appointing alternative external auditors is well advanced and the
appointment of Sygnia’s new auditors will be communicated in due course.

Cape Town
12 June 2019

The Standard Bank of South Africa Limited

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