Approval of the consolidated annual financial statements

for the year ended 30 June 2018

The consolidated annual financial statements are the responsibility of the directors. They are responsible for selecting and adopting sound accounting practices, for maintaining an adequate and effective system of accounting records, for safeguarding assets and for developing and maintaining a system of internal control that, among other objectives, will ensure that the preparation of the consolidated annual financial statements achieves fair presentation. The consolidated annual financial statements set out in this report have been prepared by the directors in accordance with International Financial Reporting Standards (IFRS) and the requirements of the Companies Act of South Africa. They are based on appropriate accounting policies that have been consistently applied and are supported by reasonable and prudent judgements and estimates. In addition, the directors are responsible for preparing the directors' report.

The consolidated annual financial statements have been prepared on the going concern basis as the directors have reason to believe that the company, and its subsidiaries, have adequate resources to continue operations for the foreseeable future.

The external auditor is responsible for independently auditing and reporting on the consolidated annual financial statements in conformity with the applicable financial reporting framework. The report is set out here.

The consolidated annual financial statements were prepared by Vasti Booysen CA(SA), supervised by Pieter Prinsloo in his capacity as CEO.

The consolidated annual financial statements were approved by the board and are signed on its behalf by:

Pieter Prinsloo Chief executive officer

Gavin Tipper Chairman

Johannesburg

31 August 2018