Basis of preparation

These consolidated condensed interim financial statements for the six months ended 31 December 2012 have been prepared in accordance with the framework concepts, the recognition and measurement criteria of International Financial Reporting, Standards (“IFRS”) and the information required by International Accounting Standard 34: Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”), the JSE Listings Requirements and the requirements of the Companies Act of 2008, as amended. The consolidated condensed interim financial information should be read in conjunction with the annual financial statements for the year ended 30 June 2012, which have been prepared in accordance with International Financial Reporting Standards (IFRS). The accounting policies applied are consistent with those of the annual financial statements for the year ended 30 June 2012, as described in those financial statements.

The above information has not been reviewed or reported on by Group Five’s auditors.