SNU - Sentula Mining Limited - Cautionary announcement relating to a proposed

SNU - Sentula Mining Limited - Cautionary announcement relating to a proposed   
broad-based black economic empowerment transaction                              
SENTULA MINING LIMITED                                                          
Incorporated in the Republic of South Africa                                    
(Registration No. 1992/001973/06)                                               
Share code: SNU     ISIN No. ZAE000107223                                       
("Sentula" or "the Company" )                                                   
CAUTIONARY ANNOUNCEMENT RELATING TO A PROPOSED BROAD-BASED BLACK ECONOMIC       
EMPOWERMENT TRANSACTION ("PROPOSED B-BBEE TRANSACTION")                         
Shareholders of Sentula ("Shareholders") are advised that the Company has       
entered into discussions regarding a Proposed      B-BBEE Transaction which will
involve Sentula employees, a community trust and a strategic B-BBEE partner     
(collectively "the B-BBEE Shareholders").                                       
The Proposed B-BBEE Transaction will be implemented by way of a vendor financed 
structure, pursuant to which the B-BBEE Shareholders will acquire a direct      
equity interest in certain of Sentula`s South African mining services businesses
which do not already have empowerment equity ownership in place.                
Following the implementation of the Proposed B-BBEE Transaction, the relevant   
South African mining services businesses will have an effective black ownership 
of more than 25% as measured in terms of the DTI Codes of Good Practice on Broad
Based Black Economic Empowerment. This will not only improve the affected       
entities contributor status, as measured under the DTI Codes of Good Practice,  
but will also enhance the Company`s competitiveness, with respect to tendering  
and retaining contracts in the South African mining sector.                     
The Proposed B-BBEE Transaction may have a material effect on the price of the  
shares of the Company. Accordingly, Shareholders are advised to exercise caution
when dealing in their shares until a further announcement, setting out the full 
terms of the Proposed B-BBEE Transaction, is made.                              
Johannesburg                                                                    
28 October 2011                                                                 
Investment bank and transaction sponsor                                         
Standard Bank                                                                   
Sponsor                                                                         
Merchantec                                                                      
IR Advisors                                                                     
College Hill                                                                    
Date: 28/10/2011 09:00:01 Supplied by www.sharenet.co.za                     
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