Blue Label Telecoms - Reviewed interim results for the half year ended 30 November 2008

Summarised Cash Flow Statement

for the six months ended 30 November 2008

    Six months ended
    30 November   30 November  
    2008   2007  
    Actual   Actual  
    Reviewed   Reviewed  
    R‘000   R‘000  
  Cash flows from operating activities 421 142   141 867  
  Cash flows from investing activities (110 577)   (186 451)  
  Cash flows from financing activities 7 554   677 672  
  Increase in cash and cash equivalents 318 119   633 088  
  Cash and cash equivalents at the beginning of the period 1 328 294   1 090 044  
  Cash and cash equivalents acquired in subsidiaries 29 733   5 211  
  Translation difference 103    
  Cash and cash equivalents at the end of the period 1 676 249   1 728 343