SENTULA MINING LIMITED - Announcement relating to the empowerment of Sentulas Bankfontein Coal Project

Announcement relating to the empowerment of Sentula’s Bankfontein Coal Project

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


ANNOUNCEMENT RELATING TO THE EMPOWERMENT OF SENTULA’S BANKFONTEIN COAL
PROJECT



Shareholders of Sentula (“Shareholders”) are referred to the announcement released on the Securities
Exchange News Service of the JSE Limited on Monday, 17 September 2012 and published in the press
on Tuesday, 18 September 2012, which sets out the terms of the proposed empowerment of Sentula’s
Bankfontein coal project (“the Bankfontein Project”), held by Sentula’s wholly-owned subsidiary Benicon
Mining (Proprietary) Limited (“Benicon Mining”) by introducing its existing empowerment consortium,
Shanike Investments No 171 Proprietary Limited (RF) (“BEE Co”) as a 26% shareholder in Benicon
Mining (“the Transaction”). Shareholders are advised that the conditions precedent to the Transaction
have now been fulfilled and accordingly the Transaction has been implemented in accordance with its
terms.


Johannesburg
1 November 2012


Investment bank and transaction sponsor
The Standard Bank of South Africa Limited


Sponsor
Merchantec Capital


Attorneys and legal advisors
Edward Nathan Sonnenbergs Inc.


Independent expert
BDO Corporate Finance Proprietary Limited


IR Advisors
College Hill

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