company statement of changes in equity

audited results as at 31 May 2008

      Share   Share   Accumulated      
      Capital   premium   loss   Total equity  
  Note   R’000   R’000   R’000   R’000  
Balance as at 31 May 2007     *        
Shares issued during the year 10   *   4 444 461     4 444 461  
Share issue costs       (39 724)     (39 724)  
Net loss for the year         (1 301)   (1 301)  
Balance as at 31 May 2008     *   4 404 737   (1 301)   4 403 436  

*Less than R1 000