ng prinoples CU $ GAAP). Tre (mowing notes should to read in contuncten with the smarting policies and other osolosures as set fortn in the notes to the Operating Entities' corrtined financial statements for the year ended Cecerrter 31, 2014 Interim results are rot necessaniy Ind catve d reads for a full year in me opi

items (66.0%) 5.8% Oerge in vakkiton allowance 21.0% (37.7%) Effective benefit rate (17.0%) (3.9%) Deferred taxes Deferred morns taxes for the Operating Entities' taxable project entities reflect We tax effectsof temporary differences between the caryr.9 arnOoS1 of fset' and 'gabbles for frenaal roofing purpos

Amendment #4 Page 639 of 868 Tel* . Significant contonerts of the Operating Entities' deferred tax assets and liabilities at December 31. 2014 and Decanter 31. 2013 are as follows Figures In ZAR '000 r 31, 2014 zetti Deferred tax