A couple of things. The Olympia website is back up. Contacts are Tel: +254 020 2716222 or 651311
Email: info@dunvon.com. Some shareholder should try and confirm when it'll announce its results. It has to be within then next 7 days. Olympia's sub in Botswana was trading yesterday. Finally,yesterday trading volumes were large and remind me of a certain counter starting with U. Don't agree to be left holding the empty plate. Look to buy at a lower price.

www.mjengakenya.blogspot.com

U is for Uchumi

www.mjengakenya.blogspot.com

Olympia Capital Holdings Limited (OCHL) owns 51% of Olympia Capital Corporation Limited (OCC),a
company listed on the Botswana Stock Exchange. In December 2006,OCC purchased 74% of Plush
Products (pty) Limited (Plush).

For the fnancial periods ended December 2006,February 2008 and February 2009,Plush did not
contributed positively to the bottom line of the group. From September 2008,following the slipping
of the South African economy into a recession,we saw a signifcant drop in our sales that made the
company go into a loss making situation.

We believe in the products and the market,but not the model to market that we have used to date.
A decision has been made to close the company,sell the assets to meet our obligations and consider
re-entering the market with a leaner model.

The closure of Plush will not have any negative effect on the operational group proftability,however
we will only tell with time the effect that the loss of the actual investment will have on our group
balance sheet.

Michael Matu
Chief Executive

23rd June 2009

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

My broker just told me that Olympia is trading at 9.80 (which is higher than yesterday's close) and the feeling is that the loss as regards to Plush has been contained though the details are sketchy. No word on the release of the results. I just hope Plush - which never contributed to the bottomline - is just a blip.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

Now we hope OCC abandons it's old ways...'buying dying companies and turning them around'...anyways cash is now finished..

Playing the stock market without insider info...is like buying a cow in the moonlight.