Basis of preparation

These consolidated condensed interim financial statements for the six months ended 31 December 2010 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 interim financial information should be read in conjunction with the annual financial statements for the year ended 30 June 2010, 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 2010, as described in those financial statements.

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

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