ABRIDGED STATEMENT OF FINANCIAL POSITIONAudited

As at As at As atMarch 31, March 31, June 30,

2013 2012 2012Rs. ' 000 Rs. ' 000 Rs. ' 000

ASSETS

Non-current assets 3 246 035 2 403 330 3 257 043

Current assets 1 278 594 1 388 675 1 287 946

TOTAL ASSETS 4 524 629 3 792 005 4 544 989

EQUITY AND LIABILITIES

EquityEquity attributable to shareholders of the parent 2 993 116 2 065 950 2 858 746

Non-controlling interests 44 177 53 505 41 388

TOTAL EQUITY 3 037 293 2 119 455 2 900 134

Non-current liabilities 402 200 619 399 388 088

Current liabilities 1 085 136 1 053 151 1 256 767

TOTAL EQUITY AND LIABILITIES 4 524 629 3 792 005 4 544 989

QUARTER AND NINE MONTHS ENDED MARCH 31, 2013

THE UNITED BASALT PRODUCTS LTD AND ITS SUBSIDIARY COMPANIESUNAUDITED ABRIDGED GROUP INTERIM FINANCIAL STATEMENTS

Unaudited

ABRIDGED STATEMENT OF COMPREHENSIVE INCOME

Quarter ended Quarter ended 9 months ended 9 months ended March 31, 2013 March 31, 2012 March 31, 2013 March 31, 2012

Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000

Revenue 536 730 546 481 1 856 583 1 944 672

Operating profit 33 597 39 238 216 725 265 101 Finance income 2 687 1 697 3 642 2 115 Finance costs (20 238) (20 535) (58 366) (63 291) Share of results of associates 4 295 3 955 19 692 23 060 Profit before tax 20 341 24 355 181 693 226 985 Income tax expense (3 455) (2 703) (28 464) (32 057) Profit for the period 16 886 21 652 153 229 194 928

Other comprehensive income Net gain / (loss) on available-for-sale investments 4 755 (4 739) 384 (10 793) Exchange differences on translation of foreign operations (301) (639) (3 404) (4 209) Share of reserves in associate - (871) - (14 006) Other comprehensive income for the period, net of tax 4 454 (6 249) (3 020) (29 008)

Total comprehensive income for the period, net of tax 21 340 15 403 150 209 165 920

Profit for the period attributable to:Equity holders of the parent 12 169 15 904 137 401 175 635 Non-controlling interests 4 717 5 748 15 828 19 293

16 886 21 652 153 229 194 928

Total comprehensive income for the period attributable to:Equity holders of the parent 16 616 9 709 134 370 148 667 Non-controlling interests 4 724 5 694 15 839 17 253

21 340 15 403 150 209 165 920

Earnings per share ( Rs. )Basic, profit for the period attributable to ordinary equity holdersof the parent 0,46 0,60 5,18 6,63

Unaudited

THE UNITED BASALT PRODUCTS LTD AND ITS SUBSIDIARY COMPANIESUNAUDITED ABRIDGED GROUP INTERIM FINANCIAL STATEMENTS

QUARTER AND NINE MONTHS ENDED MARCH 31, 2013

ABRIDGED STATEMENT OF CHANGES IN EQUITY

Non- Share Share Associate Revaluation Fair Value Translation Retained controlling Total

Capital Premium Companies Reserve Reserve Reserve Earnings Total Interests EquityRs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000

At July 1, 2012 265 100 7 354 79 415 1 237 889 28 733 61 675 1 178 580 2 858 746 41 388 2 900 134

Profit for the period - - - - - - 137 401 137 401 15 828 153 229

Other comprehensive income - - - - 384 (3 415) - (3 031) 11 (3 020)

Total comprehensive income for the period - - - - 384 (3 415) 137 401 134 370 15 839 150 209

Dividend - - - - - - - - (13 050) (13 050)

At March 31, 2013 265 100 7 354 79 415 1 237 889 29 117 58 260 1 315 981 2 993 116 44 177 3 037 293

At July 1, 2011 265 100 7 354 82 865 396 944 41 686 21 475 1 101 859 1 917 283 49 301 1 966 584

Profit for the period - - - - - - 175 635 175 635 19 293 194 928

Other comprehensive income - - (14 006) - (10 793) (2 169) - (26 968) (2 040) (29 008)

Total comprehensive income for the period - - (14 006) - (10 793) (2 169) 175 635 148 667 17 253 165 920

Dividend - - - - - - - - (13 049) (13 049)

At March 31, 2012 265 100 7 354 68 859 396 944 30 893 19 306 1 277 494 2 065 950 53 505 2 119 455

ABRIDGED STATEMENT OF CASH FLOWS

9 months ended 9 months endedMarch 31, March 31,

2013 2012Rs. ' 000 Rs. ' 000

Net cash from operating activities 298 014 292 567

Net cash used in investing activities (134 775) (164 386)

Net cash used in financing activities (77 001) (39 731)

Increase in cash and cash equivalents 86 238 88 450

MOVEMENT IN CASH AND CASH EQUIVALENTSAt July 1, (204 374) (214 675) Movement 86 238 88 450 At March 31, (118 136) (126 225)

The above Unaudited Abridged Group Interim Financial Statements for the quarter and nine months ended March31, 2013 have been prepared in compliance with International FinancialReporting Standards and on a basis consistent with that of the latest Audited Group Financial Statements for the year ended June 30, 2012.

THE UNITED BASALT PRODUCTS LTD AND ITS SUBSIDIARY COMPANIESUNAUDITED ABRIDGED GROUP INTERIM FINANCIAL STATEMENTS

QUARTER AND NINE MONTHS ENDED MARCH 31, 2013

Equity attributable to shareholders of the parent

Unaudited

Unaudited

Quarter ended Quarter ended 9 months ended 9 months ended March 31, 2013 March 31, 2012 March 31, 2013 March 31, 2012

Rs. ' 000 Rs. ' 000 Rs. ' 000 Rs. ' 000Revenue:

Building materials - Core business 405 729 406 748 1 388 224 1 429 730 Building materials - Retail 142 710 160 205 539 372 570 712 Agriculture 9 231 13 555 38 743 47 319 Consolidation adjustment (20 940) (34 027) (109 756) (103 089) Total 536 730 546 481 1 856 583 1 944 672

Operating profit:

Building materials - Core business 49 687 44 467 235 070 251 215 Building materials - Retail (12 161) (4 733) (5 666) 11 716 Agriculture (3 929) (496) (12 679) 2 170 Total 33 597 39 238 216 725 265 101

SEGMENTAL INFORMATIONUnaudited

THE UNITED BASALT PRODUCTS LTD AND ITS SUBSIDIARY COMPANIESUNAUDITED ABRIDGED GROUP INTERIM FINANCIAL STATEMENTS

QUARTER AND NINE MONTHS ENDED MARCH 31, 2013

COMMENTSThe Group's revenue for the nine months period ended March 31, 2013 dropped by 4.5% compared to that of the same period in the previousfinancial year whilst the Group's operating profit decreased from Rs 265.1 million to Rs 216.7 million. As detailed in the segmental information disclosure,this drop is mainly attributable to losses incurred by our retail and agricultural activities. In terms of our core business activities, the operating profit forthe quarter under review improved compared to the corresponding quarter in 2012 whilst for the nine months period our profitability was downdue to a significant increase in our depreciation charge resulting mainly from the investment made in 2012 for our new plant at Geoffroy Road.

In terms of foreign operations, our subsidiary company in Madagascar continued on its positive trend and posted appreciable profits for the nine monthsperiod under review whilst in Sri Lanka, our subsidiary incurred losses due to difficulties experienced in recovering its previous market share further to the stop order in force up to the end of October 2012.

The Group's profit decreased from Rs 194.9 million(10.0% of revenue) for the nine months period ended March 31, 2012 to Rs 153.2 million(8.3% of revenue) for the nine months period under review. Earnings per share likewise decreased from Rs 6.63 at March 31, 2012 to Rs 5.18 this period.

OUTLOOKThe performance for our current financial year and beyond depends to a large extent on the prevailing economic conditions. Our forecast for the last quarter to June 30, 2013 in terms of our core business activities shows an improvement in results compared to the same period in 2012. In terms ofour retail and agricultural activities, the performance for the period to June 2013 is not expected to improve whilst overseas, the current trend in resultsshould be maintained. Consequently, the Group's net result for the financial year 2012-2013 is most likely to be better than that of the previous financialyear although the market conditions remain challenging going forward.

DIVIDENDSThe Board of Directors has declared a dividend of Rs 3.00 per share in respect of the financial year ending June 30, 2013, payable on or about June 25, 2013.

Christophe QuevauvilliersCompany Secretary 14 May 2013

The above Unaudited Abridged Group Interim Financial Statements are issued pursuant to Listing Rule 12.20 of the Stock Exchange of Mauritius and to Section 88 of the Securities Act 2005.

The Board of Directors of The United Basalt Products Ltd accepts full responsibility for the accuracy of the information contained in these UnauditedAbridged Group Interim Financial Statements.

The statement of direct and indirect interests of insiders required under rule 8(2)(m) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 is available upon request, free of charge, at the registered office of the Company, Trianon, Quatre Bornes.

Copies of this report are available to the public, free of charge, at the registered office of the Company, Trianon, Quatre Bornes.

THE UNITED BASALT PRODUCTS LIMITED AND ITS SUBSIDIARY COMPANIESUNAUDITED ABRIDGED GROUP INTERIM FINANCIAL STATEMENTS

QUARTER AND NINE MONTHS ENDED MARCH 31, 2013