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Cautionary Note Regarding Previously Reported Financial Results
UTi Worldwide Inc. filed with the SEC a Form 10-K/A for its fiscal year ended January 31, 2006 on December 18, 2006
and Form 10-Q/As for the first and second quarters of fiscal 2007 on December 21, 2006. The amended filings include
restated amounts and revised disclosure of the company’s Consolidated Financial Statements for fiscal years ended
January 31, 2006, 2005 and 2004, as well as for the quarterly periods of fiscal 2007. The amended financial statements
reflect a revision to the prior accounting treatment for the earn-out arrangement arising from our January 25, 2002
acquisition of Grupo SLi and Union S.L. As a result, investors and others should no longer rely on the financial
statements and corresponding information included in UTi’s previously reported earnings news releases for the fiscal
years ended January 31, 2004, 2005 and 2006, as well as for the first two quarters of fiscal 2007. For more detailed
information, please see UTi’s fiscal 2006 Form 10-K/A filed with the SEC on December 18, 2006 and the Form 10-Q/As for
the first and second quarters of fiscal 2007 filed with the SEC on December 21, 2006. |