SABLE EXPLORATION AND MINING LIMITED - Delay in distributing the circular to shareholders

Delay in distributing the circular to shareholders

Sable Exploration and Mining Limited
(Previously known as Middle East Diamond Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
(“SEAM” or “the company”)

Delay in distributing the circular to shareholders

1. INTRODUCTION

1.1   Shareholders are referred to the Firm Intention Announcement released on SENS on 8
      December 2022 (“FIA Announcement”) and the further announcement dated 15 December
      2022 in terms of which shareholders were advised that PBNJ Trading and Consulting (Pty)
      Limited (“PBNJ”) has acquired 1 978 668SEAM shares, representing 45.5% of the
      Company’s issued ordinary share capital at a price of 100 cents per share.


1.2   Shareholders are advised that an extension until 31 January 2023 has been granted by the
      TRP to distribute the circular due to a delay in receiving Exchange Control approval from
      the South African Reserve Bank.

2. DIRECTORS RESPONSIBILITY STATEMENT


  2.1 PBNJ, insofar as the information in this Announcement relates to PBNJ:
              •   accepts full responsibility for the accuracy of the information contained in this
                   Announcement;
              •   confirms that, to the best of its knowledge and belief, the information in this
                   Announcement is true and correct; and
              •   confirms that this Announcement does not omit anything likely to affect the
                   importance of the information disclosed.



  2.2 The SEAM Independent Board and Board, insofar as the information in this Announcement
        relates to SEAM:
              •   accepts full responsibility for the accuracy of the information contained in this
                   Announcement;
              •   confirms that, to the best of its knowledge and belief, the information contained
                   in this Announcement is true and correct; and
              •   confirms that this Announcement does not omit anything likely to affect the
                   importance of the information disclosed.
16 January 2023
Sandton


Designated Advisor
Exchange Sponsors

Date: 16-01-2023 12:55:00
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