Basis of preparation

These consolidated condensed financial statements for the year ended 30 June 2011 have been prepared in accordance with IAS 34, “Interim Financial Reporting” and in the manner required by the Companies Act of South Africa. The consolidated condensed financial statements should be read in conjunction with the annual financial statements for the year ended 30 June 2011 which have been prepared in accordance with International Financial Reporting Standards (IFRS).

The accounting policies are consistent with those used in the prior year.

These results have been audited by PricewaterhouseCoopers Inc., Registered Auditors.

Their unmodified audit report is available for inspection at the company’s registered office.

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