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Resource Generation Limited - Funding Update

Release Date: 26/02/2015 10:35:00      Code(s): RSG     
Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
Share code on the JSE Limited: RSG
Share code on the Australian Stock Exchange: RES
ISIN Code: AU000000RES1
(?Resgen? or ?the Company?)

ASX Release
Funding Update
Resource Generation (the Company) has received numerous recent enquiries about the
status of its funding, accordingly it has decided to provide an update. As previously
announced the Company has been negotiating with various parties including a club of
potential financiers to provide project finance for the construction of the Boikarabelo
mine. In recognition of the protracted nature that this particular process has taken, the
financiers have agreed to the following disclosure. The parties are:

       -   FirstRand Bank Limited, acting through its Rand Merchant Bank division
           (RMB);
       -   HSBC Bank plc ? Johannesburg Branch (HSBC);
       -   Industrial Development Corporation of South Africa Limited (IDC);
       -   Public Investment Corporation SOC Limited (PIC);
       -   Noble Resources International Pte Limited (Noble); and
       -   Export Finance & Insurance Corporation (EFIC).

It is proposed that if this facility proceeds the existing loans entered into with Noble will
become part of the above facility.

Negotiations have reached a mature stage and a term sheet is being finalised on the
expectation that it will provide all required remaining funding for the mine construction.
Consequently, if the proposed facility is made available, the Company does not envisage
the need for an associated equity raising.

If the proposed facility is not made available, the Company will continue to explore
alternative funding arrangements.

Sydney, Australia
26 February 2015

Contacts
Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000

Media enquiries
Anthony Tregoning (02) 8264 1000

JSE Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 26/02/2015 10:35:00 Supplied by www.sharenet.co.za                     
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