Sharenet Sites 
Sharenet Sites
Mandatory offer update
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”)
Mandatory offer update
Shareholders are referred to the firm intention announcement dated 9 December 2022 and
the announcements dated 15 December 2022 and 19 January 2023, where shareholders were
advised that PBJN Trading and Consulting (Pty) Ltd (“PBJN”) has acquired a 50.02%
shareholding in SEAM and is making an mandatory offer in terms of section 123 of the
Companies Act, read with section 117(1)(c)(vi) of the Companies Act and Takeover Regulation
86, as PBNJ is in a position to exercise more than 35% of the voting rights attaching the SEAM
shares.
It is expected that the mandatory offer circular will be distributed to shareholders on Friday, 3
February 2023.
Charles Phillip Mostert, an independent non-executive director and acting non-executive
Chairman will be accepting the Offer. His decision to accept the Offer was not made in a
prohibited period as defined by the JSE Listing Requirements.
Sandton
3 February 2023
Sponsor
Exchange Sponsors
Date: 03-02-2023 07:31:00
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