Media Announcements

Change Statement and Notice of Annual General Meeting

12 June 2012

Notice of Annual General Meeting

Shareholders are hereby advised that the annual integrated report was posted today, which incorporates the notice of annual general meeting to be held at Glenhove Conference Centre, 52, Glenhove Road, Melrose Estate, Houhgton, Johannesburg on Thursday, 19 July 2012 at 10h00. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the annual general meeting is Friday, 13 July 2012 with the last day to trade being Friday, 6 July 2012.

Change Statement

Shareholders are referred to the release on SENS of Wesizwe’s reviewed, condensed consolidated financial results for the year ended 31 December 2011 on 2 April 2012 (“the provisional results”). This announcement details the following changes to the provisional results:

  • The “Share of profit/(loss)of associate” previously shown under “Finance” is now shown under “Operations” in the “Condensed consolidated statement of comprehensive income”;
  • The “Loan advanced” shown separately in the “Condensed consolidated statement of cash flows” has been included in “Cash flow from operating activities” and further disclosed as part of current assets; and
  • The “Impairment of loan to Bakubung community” has been removed from the adjustments for the calculation of the headline loss. Consequently the headline loss and diluted headline loss per share for 2011 is now reflected as 25.90 cents per share compared to the previously reported 25.28 cents per share;

Company secretary: S van Schalkwyk Registered address: Unit 13, 2nd Floor, 3 Melrose Boulevard, Melrose Arch, 2076.

The financial statements have been prepared under the supervision of the Finance Director, Mr Wenliang Ma.

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