[2007-08-20]  Communique-a waiver of Listing Rule 12.21
MTMD shareholders and the public in general are informed that the Stock Exchange of Mauritius, with the approval of the Financial Services Commission, has granted to MTMD a waiver of Listing Rule 12.21 for non-publication of its interim report for the half year ended 30 June 2007 due to:
The turnover of MTMD is derived substantially from cane growing activities. For the half year ended 30 June 2007, MTMD does not derive any revenue from these activities whereas expenditure in respect of wages, salaries, supplies and other cultivation costs are incurred. Hence, an interim report would not reflect in substance, the performance and profitability of MTMD for the period ended 30 June 2007.
Under paragraph 37 of IAS 34, revenues that are received seasonally within a financial year should not be anticipated or deferred as of interim date if anticipation or deferral would not be appropriate at the end of the enterprise’s financial year. Given the uncertainty regarding the tonnage of sugar production and its price, the revenue from sugar activities for the period ended 30 June 2007 cannot be anticipated.
BBHM (Management & Consultancy) LTD – Secretaries
15 August 2007
The Board of Directors of MTMD accepts full responsibility for the accuracy of this
communiqué.

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