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GDO - Gold One International Limited - Update on A$0.55 per share cash offer and proposed strategic partnership Gold One International Limited (Previously BMA Gold Limited) Registered in Western Australia under the Corporations Act, 2001 (Cth) Registration number ACN: 094 265 746 Registered as an external company in the Republic of South Africa Registration number: 2009/000032/10 Share code on the ASX/JSE: GDO ISIN: AU000000GDO5 OTCQX International: GLDZY ("Gold One" or the "company") Update on A$0.55 per share Cash Offer and Proposed Strategic Partnership On 16 May 2011, Gold One International Limited (ASX and JSE: GDO) announced that it had entered into an agreement to implement a transaction with a consortium of Chinese investors whereby the consortium is seeking to become the long term strategic partner of Gold One and its major shareholder. The transaction comprises a series of interdependent transactions, including a cash offer of A$0.55 per existing Gold One share ("Cash Offer") and a minimum A$150 million capital injection into Gold One (the "Transaction"). The process for obtaining regulatory approvals in respect of the Transaction is progressing well. While the preparation of the package of documents to be sent to Gold One shareholders (namely a Bidder`s Statement, a Target`s Statement and a Notice of Meeting of Shareholders) is well advanced, the indicative despatch date of 22 June 2011 will not be met. It is now intended that these documents will be despatched to Gold One shareholders by mid July 2011, at which time the Cash Offer will open. These documents will contain full details of the Cash Offer and include instructions on how to accept the Cash Offer, as well as information on how to vote at the General Meeting. Gold One will continue to keep shareholders advised of progress made. ENDS Issued by Gold One International Limited Website: www.gold1.co.za Parktown, Johannesburg 22 June 2011 JSE SPONSOR Macquarie First South Advisers (Pty) Limited For further information please contact: On behalf of Gold One: Neal Froneman President and CEO +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za Ilja Graulich Investor Relations +27 11 726 1047 (office) +27 83 604 0820 (mobile) ilja.graulich@gold1.co.za Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za Derek Besier Farrington National Sydney +61 2 9332 4448 (office) +61 421 768 224 (mobile) derek.besier@farrington.com.au About Gold One Gold One is a gold producer listed on the financial markets operated by the ASX Limited and the JSE Limited, issuer code GDO. Its flagship operation is the newly built shallow Modder East mine on the East Rand, some 30 kilometres from Johannesburg. Modder East is the first new mine to be built in the region in 28 years and distinguishes itself from most of the other gold mines in South Africa owing to its shallow nature (300 metres to 500 metres below surface). To date Modder East has provided direct employment opportunities for over 1,200 people. Gold One also owns the nearby existing Sub Nigel mine, which is used primarily as a training centre in the build-up of Modder East to full production. Gold One has an issued share capital of 808,716,731 shares. Date: 22/06/2011 07:05:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
