SENTULA MINING LIMITED - TRP ruling on the waiver of the requirement to make a mandatory offer

TRP ruling on the waiver of the requirement to make a mandatory offer

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula” or “the Company”)




TRP RULING ON THE WAIVER OF THE REQUIREMENT TO MAKE A MANDATORY OFFER

Sentula shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Service (“SENS”) on Wednesday, 10 February 2016, which detailed the results of
the general meeting held on Wednesday, 10 February 2016 (“General Meeting”).

The aforementioned announcement stated, inter alia, 61.2% of the votes of independent
Shareholders (constituting 99.97% of the Shareholders eligible to vote and that voted at the General
Meeting) were cast in favour of the requirement for a mandatory offer by Regarding Capital
Management, on behalf of clients, and JB Private Equity Investors Partnership (“the Associated
Entities”) in terms of regulation 86 (4) of the Companies Act.

Shareholders are advised that the Takeover Regulation Panel (“the TRP”) has granted a ruling to
waive the requirement for a mandatory offer by Associated Entities provided for in terms of section
123 of the Companies Act (“the Ruling”).

The reasons for granting the Ruling are available from the TRP on request. Any interested party who
wishes to lodge an appeal against the Ruling shall have five business days from the date of this
announcement (i.e. until 17h00 on Friday, 19 February 2016) to do so. Such an appeal must be made
in writing and addressed to the "Executive Director, Takeover Regulation Panel" at either of the
following addresses:

delivered by hand or            If posted:                      If faxed:
courier:                        The Executive Director          The Executive Director
The Executive Director          Takeover Regulation Panel       Takeover Regulation Panel
Takeover Regulation Panel       PO Box 91833                    +27 11 642 9284
1st Floor, Building B           Auckland Park
Sunnyside Office Park           2006
32 Princess of Wales
Terrace
Parktown
2193


Woodmead

12 February 2016

Sponsor and Corporate Advisor to Sentula

Questco (Pty) Ltd

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