JCI Limited - Update For Shareholders
JCI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1894/000854/06)
Share Code: JCD (Suspended) ISIN: ZAE000039681
Debenture Code: JCDD (Suspended) ISIN: ZAE000039699
("JCI" or "the Company")
UPDATE FOR SHAREHOLDERS
Shareholders were informed on 11 October 2005 that KPMG had been appointed to
complete the audit of the accounts for the financial year ended 31 March 2005,
including the work already done by the previous auditors, Charles Orbach &
Company. Publication of the Annual Report was targeted for end-November 2005.
Furthermore, the Board had appointed a forensic auditor to assess various
transactions, and any other issues identified during the audit and/or by the
directors.
It is currently anticipated that the forensic audit will hopefully be completed
by the end of 2005, after which KPMG will recommence the audit of the financial
statements, which will be published as soon as possible thereafter.
There can be no assurance that the results of the forensic audit and internal
investigation will not impact on the Company"s previously issued financial
statements and earnings releases, or what any impact will be, until the forensic
audit and internal investigation are completed. As a result, investors are
cautioned not to rely on prior year financial statements and earnings releases
until the forensic audit and internal investigation are completed and the
Company has published its audited financial statements for the year ended March
31, 2005.
10 November 2005
Johannesburg
Sponsor
Sasfin Corporate Finance
(A division of Sasfin Bank Limited)
Date: 10/11/2005 05:00:03 PM Produced by the JSE SENS Department
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