ASSORE LIMITED - Assore and ARM reach in principle agreement in relation to Dwarsrivier Chrome Mine

Assore and ARM reach in principle agreement in relation to  Dwarsrivier Chrome Mine

ASSORE LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1950/037394/06
Share code: ASR
ISIN: ZAE000146932
(“Assore”)


ASSORE AND AFRICAN RAINBOW MINERALS LIMITED HAVE REACHED IN PRINCIPLE
AGREEMENT ON ASSORE’S ACQUISITION OF A 50% INDIRECT INTEREST IN THE
DWARSRIVIER CHROME MINE

Assore and African Rainbow Minerals Limited (“ARM”) have reached in principle agreement on
Assore’s acquisition of ARM’s 50% indirect interest in the Dwarsrivier Chrome Mine
(“Dwarsrivier”) (the “Transaction”). Dwarsrivier is currently a subsidiary of Assmang Proprietary
Limited (“Assmang”), the equal joint venture between Assore and ARM, and is the holding
company for, amongst its other mining operations, Assmang’s chromite mining operations in the
Mpumulanga province of South Africa.

Pursuant to the implementation of the Transaction, Assore will own an effective 100% interest in
Dwarsrivier.

The implementation of the Transaction is subject to the execution of definitive agreements and
the receipt of relevant regulatory approvals.

Assore Limited
Assore House
15 Fricker Road
Illovo Boulevard
Johannesburg

27 February 2015


Contact details:
Alistair McAdam
Tel: 011 770 6800

Financial adviser to Assmang Limited
The Standard Bank of South Africa Limited

Sponsor to Assore
The Standard Bank of South Africa Limited

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