SNU
SNU
SNU - Sentula Mining Limited - Cautionary Announcement
Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
("Sentula" or "the company")
CAUTIONARY ANNOUNCEMENT
Further to the announcement, dated 11 August 2008, shareholders are advised that
KPMG Forensic has finalised their investigation into the circumstances that led
to the restatement of the results for the year ended 31 March 2007 and have
presented their findings to the company. The company is in the process of
obtaining legal advice with regards to instituting action against individuals
and entities that have been implicated in these findings. Certain of the
individuals implicated are past members of management.
Flowing from this initial investigation, the company has mandated KPMG Forensic
to investigate other possible irregular transactions which may have a material
impact on the company`s reviewed results for the year ended 31 March 2008 and 31
March 2007, as presented on 25 June 2008. The company believes that these
irregularities will not have an impact on the company`s cash position and that
the prospects for the current year remain intact. The conclusions of this
further investigation will be made known to shareholders as soon as possible.
The above developments may have a material effect on the price of the company`s
securities. Accordingly, shareholders are advised to exercise caution when
dealing in the company`s securities until a further announcement is made.
As a result of the above, the company would like to advise shareholders that
there will be a delay in the presentation of the annual report until on or about
27 October 2008.
The company understands that the investigation by the FSB into dealings in
Sentula securities between 1 January 2008 and 30 May 2008 and the restatement
and timing of the trading update is continuing.
Johannesburg
9 September 2008
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 09/09/2008 15:06:01 Produced by the JSE SENS Department.
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