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Recent media reports relating to the company
Oakbay Resources and Energy Limited
(Incorporated in the Republic of South Africa)
Registration number: 2009/021537/06
Share code: ORL
ISIN: ZAE000196085
("Oakbay Resources" or "the Company")
RECENT MEDIA REPORTS RELATING TO THE COMPANY
In response to recent media reports regarding legal proceedings involving Oakbay Resources,
the Company wishes to advise its shareholders that of the 72 transactions reported to the
Financial Intelligence Centre ("the FIC") in terms of section 29 of the Financial Intelligence
Centre Act ("the FIC Act"), five transactions relate to the Company, or its subsidiary
company.
The Company is in the process of investigating the five transactions referred to above, and is
working with regulatory authorities, where necessary, in this regard.
The Company is also in the process of engaging with its external auditors with regard to the
aforementioned five transactions and any possible impact that may result in relation to
previously reported financial information. At this stage, the Company does not have any
reason to believe that previously reported financial information will be restated in relation to
these five transactions, and shareholders will be updated accordingly in this regard.
Johannesburg
17 October 2016
River Group
Sponsor and Corporate Adviser
Date: 17/10/2016 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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