The group is independently assured by external assurance providers on a variety of ratios each year. In the table below we outline the material ones.

Assurance processes

The group identified two key sustainability measures of its business to be independently assured for the third year in a row. It also added a third sustainability measure this year.

to the Directors of Group Five Limited

Introduction

We have been engaged by the Directors of Group Five Limited (“Group Five”) to perform an independent assurance engagement in respect of selected Identified Sustainability Information included in Group Five’s Integrated Report for the year ended 30 June 2012 (“the Report”).

Scope and subject matter

The following Identified Sustainability Information was selected for an expression of limited assurance:

The board and exco evaluate the group’s strategy every six months– R million] (Page 76) Contract Profit/Loss Maker Ratio [%] (Page 70) Economic Value Added Statement (Page 107)

Our responsibilities do not extend to any other information

Responsibilities of the Directors

Group Five’s Directors are responsible for the preparation and presentation of the Identified Sustainability Information, as incorporated in the 2012 Integrated Report, in accordance with their internally defined procedures (“Reporting Criteria”) and for maintaining adequate records and internal controls that are designed to support the reporting process.

Responsibility of the independent assurance provider

Our responsibility is form an independent conclusion, based on our limited assurance procedures, on whether anything has come to our attention to indicate that the Identified Sustainability Information is not stated, in all material respects, in accordance with the Reporting Criteria.

We conducted our work in accordance with the International Standard on Assurance Engagements (ISAE) 3000 Assurance engagements other than audits or reviews of historical financial information issued by the International Auditing and Assurance Standards Board. This Standard requires that we comply with ethical requirements and plan and perform the assurance engagement to obtain assurance on the Identified Sustainability Information as per the terms of our engagement.

This report has been prepared solely for the Directors of Group Five, to assist the Directors in reporting on Group Five’s sustainable development performance and activities. We permit the disclosure of this report within the Report for the year ended 30 June 2012, to enable the Directors to demonstrate they have discharged their governance responsibilities by commissioning an independent assurance report in connection with the Report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Directors as a body and Group Five for our work or this report save where terms are expressly agreed and with our prior consent in writing.

Summary of work performed

The internally defined procedures by which Group Five’s Identified Sustainability Information is generated and aggregated have been applied as assurance criteria. Definitions for the Identified Sustainability Information applied are those determined by Group Five and provided in the Report (refer pages 70 and 76).

The procedures selected depend on the assurance provider’s judgement, including the assessment of the risks of material non-compliance of the Identified Sustainability Information with the criteria. Within the scope of our work we performed among other the following procedures:

reviewing processes that Group Five have in place for determining the Identified Sustainability Information included in the Report; obtaining an understanding of the systems used to generate, aggregate and report the Identified Sustainability Information; conducting interviews with management at corporate head office; evaluating the data generation and reporting processes against the reporting criteria; performing key controls testing and testing the accuracy of data reported on a sample basis; and reviewing the consistency between the Identified Sustainability Information and related statements in Group Five’s Report

Inherent limitations

The accuracy and completeness of sustainability data is subject to inherent limitations given the nature and methods for determining, calculating and estimating such data. Qualitative interpretations of relevance, materiality and the accuracy of data are subject to individual assumptions and judgements.

For a limited assurance engagement the evidence gathering procedures are more restricted than for a reasonable assurance engagement, and therefore less assurance is obtained than in a reasonable assurance engagement.

We have not carried out any work on data reported for prior reporting periods, except for data that was included in the prior year’s assurance scope.

Conclusion

Based on our work performed, nothing has come to our attention that causes us to believe that the Identified Sustainability Information selected for limited assurance has not been prepared, in all material respects, in accordance with the defined Reporting Criteria.

PricewaterhouseCoopers Inc.
Director: Wessie van der Westhuizen
Johannesburg
10 August 2012