JSE Announcements on 25 March 2020

1. The provisions dealing with the CEO and Financial Director Confirmation and sign-off:
   As a result of the COVID-19 pandemic and taking into account the various priorities of issuers and sponsors, the JSE has taken a decision to extend certain transitional provisions.

   In particular, SAICA would like to draw attention to Item 14 of the document: – The provisions dealing with the CEO and Financial Director Confirmation and sign-off:

   This provision now applies to issuers with a year-end on or after 31 December 2020 and no longer 30 June 2020 as previously published.

2. COVID-19: Impact on Financial Reporting:
   The JSE has produced a document entitled COVID-19: Impact on Financial Reporting.
   Within this document, the JSE recognises that the measures implemented in South Africa and globally to deal with the pandemic may have an impact on the ability of issuers to meet their reporting obligations as the current crisis was unforeseeable.

While the impact of the pandemic will vary from issuer to issuer based on specific circumstances, the JSE has advised that it will consider on a case-by-case basis:

• The timing of publication of interim, preliminary, provisional, annual financial statements and notices of annual general meetings, pursuant to paragraphs 3.15, 3.16(a) and 3.19 to 3.22 of the Requirements respectively;
• The completeness of interim, preliminary, provisional, and annual financial information pursuant to paragraphs 8.57 to 8.61 of the Requirements;
• The completeness of the annual financial statements pursuant to paragraphs 8.62 and 8.63 of the Requirements; and
• Assurance reports by the independent auditor on the abovementioned information (either an audit or a review engagement) pursuant to paragraph 3.18 and 8.62(c) of the Requirements.

For further details, please refer to the actual letters issued on 25 March by the JSE or visit the JSE website.

Regards

Milton Segal
Senior Executive: Corporate Reporting