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GDO - Gold One International Limited - Competition Commission grants unconditional approval for Rand Uranium transaction Gold One International 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 OTCQX International: GLDZY ISIN: AU000000GDO5 ("Gold One" or the "company") COMPETITION COMMISSION GRANTS UNCONDITIONAL APPROVAL FOR RAND URANIUM TRANSACTION Further to the announcement released by Gold One on 24 May 2011, Gold One shareholders are advised that a clearance certificate, with no conditions, has been issued by the South African Competition Commission approving the acquisition by a Gold One subsidiary of 100% of Rand Uranium (Proprietary) Limited ("Rand Uranium") from the Rand Uranium shareholders Pamodzi Uranium (Proprietary) Limited, Pamodzi Cooke (Proprietary) Limited and Armgold/Harmony Joint Investment Company (Proprietary) Limited, for a purchase price of US$ 250 million ("transaction") in terms of Section 14(1)(b) of the Competition Act (Act 89 of 1998) as amended. All other remaining conditions precedent to the transaction are progressing well and in line with the amended Sale of Shares Agreement. These include, inter alia, approval having been obtained from the exchange control department of the South African Reserve Bank for the various aspects of the transaction and a submission having been made to the Department of Mineral Resources. ENDS Parktown, Johannesburg 08 August 2011 JSE Sponsor MACQUARIE FIRST SOUTH ADVISERS (PTY) LIMITED Issued by Gold One International Limited www.gold1.co.za For further information 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 Mark Wheatley Chairman +61 2 9963 6400 (office) +61 417 688 539 (mobile) mark.wheatley@gold1.com.au 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 1 100 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`s other projects and targets include Ventersburg in the Free State Goldfields, the Tulo concession in Mozambique and the Etendeka greenfield project in Namibia. Gold One has an issued share capital of 808,990,251 shares. This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction. Date: 08/08/2011 07:10:06 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.
