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PETMIN - RESULTS OF THE ANNUAL GENERAL MEETING AND RENEWAL OF CAUTIONARY ANNOUNCEMENT PETRA MINING LIMITED (Incorporated in the Republic of South Africa) (Registration number 1972/001062/06) Share Code: PET ISIN: ZAE000010237 ("Petmin" or "the company") Announcement Regarding: - The results of the Annual General Meeting; - Results of the offer to shareholders; - Specific issue for cash; - Board appointments and resignation; - Appointment of secretary; and - Renewal of cautionary announcement. River Group is authorised to announce the following: 1. Results of the Annual General Meeting All the resolutions proposed at the Annual General Meeting held on 30 January 2004 were passed by the requisite majority of shareholders either present or by proxy. 2. Result of the offer to shareholders Shareholders holding 14 424 224 shares in Petmin, or 18,03% of the issued share capital of the company accepted the offer to shareholders at 30 cents per share. These shares were purchased by the underwriters. Shareholders who accepted the offer comprised: Number % Non-public shareholders 10 694 488 13,37 Public shareholders 3 729 736 4,66 14 424 224 18,03 3. Specific issue for cash PSG Capital Limited ("PSG") has committed to acquire a 20% interest in the issued share capital of Petmin at 30 cents per share after the close of the offer. Accordingly, Petmin will issue 16 968 130 shares by way of a specific issue for cash to PSG in order that their shareholding attains the 20% level. The resolution required for this specific issue for cash was passed at the Annual General Meeting on 30 January 2004. The financial effects of this issue, required in terms of the JSE Listing Requirements, will be made available in an announcement to shareholders when these shares are issued. 4. Board appointments and resignation The following people have been appointed to the Board of Petmin with effect from 30 January 2004. - Mr Dawie Warmenhoven - CEO Designate - Mr Enrico Greyling - Non Executive - Mr Jabu Mabena - Non Executive - Ms Lebo Mogotse - Non Executive Following the change in control of Petmin, Mr Hilton Chapman has resigned from the Board of Directors, effective 30 January 2004. 5. Appointment of secretary DHW Secretarial Services (Pty) Ltd, Petmin"s company secretary has resigned, effective 30 January 2004, and have been replaced by River Sponsors (Pty) Ltd. 6. Renewal of cautionary announcement As Petmin is currently trading as a cash company, shareholders are advised to exercise caution in their dealings in the company"s shares until a further announcement is made. Pretoria 4 February 2004 Sponsor River Group Date: 04/02/2004 05:31:03 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department
