DENEL SOC LIMITED - Further update regarding disclaimer of audit opinion - BIDEN
DENG90 DENG83 DENG89 DENG85 DENG84 DENG86 DENG87 DENG88 201903290084A
Further update regarding disclaimer of audit opinion - BIDEN
DENEL SOC LIMITED
Registration number: 1992/001337/30
JSE Alpha Code: BIDEN
("Denel" or the "Company")
FURTHER UPDATE REGARDING DISCLAIMER OF AUDIT OPINION
Noteholders are referred to the latest announcement released on SENS on 28 February 2019 giving a
status update on progress made in relation to the disclaimer of opinion contained in the audit report
for the year ended 31 March 2019 (the "Disclaimer").
In this regard, the quantification of the prior period impact is still continuing, specifically in relation to
revenue recognition in terms of IAS 11 and IAS 18 as well property, plant and equipment in terms of
IAS 16. Noteholders will continue to be updated in regard to the Disclaimer as soon as any further
relevant information becomes available.
29 March 2019
Debt Sponsor : Nedbank Corporate and Investment Banking
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