ACCENTUATE LIMITED - Further announcement relating to the unmodified audit opinion

Further announcement relating to the unmodified audit opinion

Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
Share code: ACE
ISIN: ZAE000115986
(“Accéntuate” or “the Company”)


Further announcement relating to the unmodified audit opinion
Shareholders are referred to the SENS announcement dated 11 November 2019 wherein they were
advised that the Company’s audited annual financial statements (“AFS”) for the year ended 30 June
2019, reflected in the integrated annual report are unchanged from the summarised audited
consolidated financial results released on SENS on 31 October 2019. The AFS have been audited by
the group's auditors, Moore Johannesburg Inc., and their unqualified audit report is available for
inspection at the registered office of Accéntuate.

The unmodified audit opinion contains the following paragraph:

“Material uncertainty relating to going concern
We draw attention to note 2(b) in the consolidated and separate financial statements, which
indicates that the group incurred a net loss of R23,3 million during the year ended 30 June 2019. As
stated in note 2(b), these events or conditions, along with other matters as set forth in note 2(b),
indicate that a material uncertainty exists that may cast significant doubt on the group’s ability to
continue as a going concern. Our opinion is not modified in respect of this matter.”

The board will on a monthly basis monitor the group’s actual cash flows against those that have
been forecast to ensure that any major deviations are considered so that appropriate and timeous
action can be implemented as required.

Johannesburg
12 November 2019
Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 12/11/2019 10:58:00
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