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OPT - Optimum Coal Holdings Limited - Optimum Coal Holdings - debt re-

Release Date: 09/11/2011 13:43
Code(s): OPT
Wrap Text

OPT - Optimum Coal Holdings Limited - Optimum Coal Holdings - debt re- financing OPTIMUM COAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/007799/06) Share code: OPT ISIN: ZAE000144663 Issuer code: OPT ("Optimum Coal" or "the Company") OPTIMUM COAL HOLDINGS - DEBT RE-FINANCING Optimum Coal, a leading South African coal mining and exploration group, listed on the JSE Limited, wishes to inform shareholders and update the market that the Company has entered into a R2.2 billion revolving credit facility with a consortium of lenders comprising Rand Merchant Bank, Standard Chartered Bank and Investec Bank Limited. Financial Director Doug Gain commented "We are delighted to have concluded agreements in respect of this new debt facility. Over and above existing cash resources, the new facility provides us with increased balance sheet flexibility in order to fund our near term capital and growth commitments as well as our TNC and Remhoogte acquisitions. It will further enable us to improve the efficiency of our overall capital structure." www.optimumcoal.com 9 November 2011 Johannesburg Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Financial Communications Advisers COLLEGE HILL Date: 09/11/2011 13:43:57 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. OPT OPT - Optimum Coal Holdings Limited - Optimum Coal Holdings - debt re- financing OPTIMUM COAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/007799/06) Share code: OPT ISIN: ZAE000144663 Issuer code: OPT ("Optimum Coal" or "the Company") OPTIMUM COAL HOLDINGS - DEBT RE-FINANCING Optimum Coal, a leading South African coal mining and exploration group, listed on the JSE Limited, wishes to inform shareholders and update the market that the Company has entered into a R2.2 billion revolving credit facility with a consortium of lenders comprising Rand Merchant Bank, Standard Chartered Bank and Investec Bank Limited. Financial Director Doug Gain commented "We are delighted to have concluded agreements in respect of this new debt facility. Over and above existing cash resources, the new facility provides us with increased balance sheet flexibility in order to fund our near term capital and growth commitments as well as our TNC and Remhoogte acquisitions. It will further enable us to improve the efficiency of our overall capital structure." www.optimumcoal.com 9 November 2011 Johannesburg Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Financial Communications Advisers COLLEGE HILL Date: 09/11/2011 13:43:57 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.

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