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WGR - Witwatersrand Consolidated Gold Resources Limited - Further Cautionary Announcement Witwatersrand Consolidated Gold Resources Limited (Incorporated in the Republic of South Africa) Registration Number 2002/031365/06 JSE Code: WGR ISIN: ZAE000079703 TSX Code: WGR CUSIP Number: S98297104 ("Wits Gold") FURTHER CAUTIONARY ANNOUNCEMENT Shareholders of Wits Gold are referred to the announcement released on the Securities Exchange News Service on Monday, 30 January 2012, relating to the Sale of Shares and Claims Agreement (the "Acquisition Agreement") entered into by Wits Gold together with Pan African Resources plc (the "Consortium") with Harmony Gold Mining Company Limited ("Harmony"), to acquire 100% of Harmony`s interest in Evander, for a total consideration of ZAR1.7 billion (approximately C$221 million)less any distributions made by Evander to Harmony prior to the Closing Date, hereinafter referred to as the "Transaction". Shareholders are advised that the pro forma financial effects of the Transaction are still being determined and may have a material effect on the price of Wits Gold shares. Accordingly, shareholders are advised to continue to exercise caution when dealing in Wits Gold securities until a further announcement is made. A further announcement will be released on the Securities Exchange News Service, filed on SEDAR, and published in the South African press as soon as the pro forma financial effects have been finalised. Johannesburg 12 March 2012 JSE Sponsor to Wits Gold Limited PricewaterhouseCoopers Corporate Finance (Pty) Limited Transaction adviser and JSE Transaction Sponsor Macquarie First South Capital (Pty) Limited For further information contact: Philip Kotze CEO: Wits Gold +27 11 832 1749 Hethen Hira Executive, Investor Relations: Wits Gold +27 11 832 1749 Russel and Associates: Nicola Taylor +27 11 880 3924 Date: 12/03/2012 16:00:05 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.
