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PET - Petmin Limited - Update on sale of Samquarz PETMIN LIMITED Incorporated in the Republic of South Africa Registration Number 1972/001062/06 Share Code JSE: PET & ISIN: ZAE000076014 Share Code AIM: PTMN ("Petmin" or "the Company") UPDATE ON SALE OF SAMQUARZ This statement is not related to the Cautionary announcement issued by Petmin on 9 January 2012. Shareholders are advised that Petmin has received notification from the Competition Commission relating to the sale of its SamQuarz silica mine. In its annual financial statements issued on 13 September 2011, Petmin announced it had sold SamQuarz to Thaba Chueu Mining (Pty) Limited ("Thaba") for R259 million, subject to final approval from the Competition Commission and the Department of Mineral Resources. On 13 January 2012 the Competition Commission notified Petmin that it would not authorize the sale. The Commission`s decision relates to the strategic importance of SamQuarz as a supplier to the producers of ferrosilicon and silicon metal in South Africa. The board and management of Petmin, together with Thaba, are studying the Commission`s decision and considering their options in consultation with advisors and legal counsel. The decision does not impact on Petmin`s ability to deliver on its strategy, including the funding of current and future investments in South Africa and abroad. Petmin will advise shareholders in due course as to how it will proceed in light of the Commission`s decision. Enquiries: Petmin Bradley Doig +27 824 597 818 bradley@petmin.co.za www.petmin.co.za Media enquiries Jonathon Rees +27 76 185 1827 Jonathon@proofcommunication.com Nominated Advisor (AIM) Numis Securities Limited +44 207 260 1000 Stuart Skinner Sponsor and Corporate Advisor (JSE) River Group Andrew Lianos +27 834 408 365 Johannesburg 16 January 2012 Date: 16/01/2012 15:00:01 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.
