1. CRICKET WORLD CUP 2003 FINANCIAL REPORT

2. INCOME STATEMENT TO 30 APRIL 2003 (Rm) INCOME 773 OPERATING EXPENSES (373) OPERATING INCOME 400 CAPITAL EXPENSES (131) NET INCOME 269 DISTRBUTION (247) INCOME AVAILABLE FOR DISTRIBUTION 22

3. Analysis of income Rm FUNDING GLOBAL CRICKET CORP649 GATE REVENUE 81 MERCHANDISING REVENUE 5 HOSPITALITY RIGHTS 3 REVENUE FROM BANQUETS 2 GRANTS FOR OPENING CEREMONY 18 SUNDRY GRANTS 12 SUPPLIERS REVENUE 3

4. Analysis of income GCC FUNDING INCLUDES R57m EXCHANGE RATE GAIN $11.9m HAS BEEN HELD BACK BY ICC PENDING THE OUTCOME OF COMMERCIAL RIGHTS INFRINGEMENTS CLAIMED BY GCC OPENING CEREMONY INCLUDED GRANTS FROM SA TOURISM,THE GOVERNMENT AND NATIONAL LOTTERY THE GRANTS FOR FACILITY UPGRADING (LEGACY PROJECT) RECEIVED FROM GOVERNMENT AND THE PRIVATE SECTOR ARE SHOWN IN UCBSA ANNUAL REPORT

5. OPERATING EXPENSES Rm ICC HOST AGREEMENT EXPENSES 33 ADMINISTRATIVE EXPENSES152 MARKETING EXPENSES 85 OPERATIONAL EXPENSES102 NET FINANCE COSTS 1

6. OPERATING EXPENSES ICC HOST EXPENSES WERE CONTRACTUAL COSTS REQUIRED BY THE ICC AND GCC FOR EXAMPLE CLEAN STADIUMS, HOSPITALITY AND TV PRODUCTION COSTS ADMINISTRATIVE COSTS INCLUDED ACCREDITATION COSTS FOR MEDIA, BANK GUARANTEES TO ICC, INSURANCE, LEGAL AND CONSULTING FEES, THE TICKETING SYSTEM, OFFICE COSTS AND STAFF COSTS MARKETING COSTS INCLUDED ADVERTISING CAMPAIGNS AND PROMOTION,PR EXPENSES, THE OPENING AND CLOSING CEREMONIES AND BRANDING AND SIGNAGE AT STADIUMS ETC OPERATIONAL EXPENSES WERE EXPENSES ON TEAMS TRAVEL AND ACCOMODATION, LOGISTICS AND SECURITY, VOLUNTEER PROGRAMME,MATCH FEES AND MEDIA FACILITIES

7. CAPITAL EXPENSES Rm BOLAND 4 BORDER 14 EASTERNS 5 EASTERN PROVINCE 21 FREE STATE 11 GAUTENG 15 GRQUALAND WEST 4 KZN 22 NORTHERNS 12 NORTH WEST 5 WESTERN PROVINCE 18

8. CAPITAL EXPENSES THIS INCLUDES STADIUM UPGRADES, GIANT TV SCREENS,SCOREBOARDS, PA SYSTEMS FOR SECURITY REASONS NEW ACCESS CONTROL SYSTEMS WERE INSTALLED TEMPORARY STANDS WERE ERECTED TO INCREASE THE CAPACITY AT CERTAIN STADIUMS EQUIPMENT FOR FIELD AND PITCH MAINTENANCE WAS PROVIDED TO ALL VENUES

9. DISTRIBUTION TO AFFILIATES Rm UCBSA 26 BOLAND 13 BORDER 13 EASTERNS 12 EASTERN PROVINCE 19 FREE STATE 14 GAUTENG 34 GRQUALAND WEST 12 KZN 21 NORTHERNS 25 NORTH WEST 13 WESTERN PROVINCE 32 ZIMBABWE 12

10. DISTRIBUTION TO AFFILIATES THE DISTRIBUTION TO AFFILIATES INCLUDES THE GATE MONEY RECEIVED AT THEIR VENUES AS WELL AS ONE TWELTH OF THE FINAL INCOME AFTER ALLOCATING R20m TO UCBSA ZIMBABWE ALSO RECEIVED ONE TWELTH THE INCOME THAT REMAINS UNDISTRIBUTED WILL BE DISTRIBUTED ONCE ALL POTENTIAL CLAIMS HAVE BEEN CLEARED AND ONCE THE ICC HAVE SETTLED THEIR DISPUTE WITH GCC WE EXPECT TO RECOVER A LARGE PORTION OF THE $11.9m DUE TO US BY THE ICC INDICATIONS ARE THAT 60% + THEREOF WILL BE PAID TO US