GEN - General - Piruto B.V. - Dealings disclosure

GEN - General - Piruto B.V. - Dealings disclosure                               
Piruto B.V.                                                                     
(Registration number B.V. 1610663)                                              
("Glencore")                                                                    
DEALINGS DISCLOSURE                                                             
Shareholders are referred to the firm intention announcement released on        
SENS on 27 March 2012, in which it was stated that a consortium comprising      
Piruto B.V., a wholly-owned subsidiary of Glencore International AG             
("Glencore") and Lexshell 849 Investments (Proprietary) Limited ("Lexshell")    
(the "Consortium"), will make a mandatory offer to all shareholders of          
Optimum Coal Holdings Limited ("Optimum") to acquire all of the issued          
shares in Optimum not already owned or controlled by the Consortium for         
R38.00 per share.                                                               
Glencore hereby advises that on 30 March 2012, it purchased a further           
613,941 shares in Optimum at an average price of ZAR37.95 per share.            
The above transaction has resulted in the Consortium holding, directly and      
indirectly, 68.01% of the issued share capital of Optimum                       
This announcement is made in accordance with regulation 98(3) of the            
Takeover Regulations.                                                           
Johannesburg                                                                    
2 April 2012                                                                    
General                                                                         
The release, publication or distribution of this announcement in                
jurisdictions other than South Africa may be restricted by law and,             
therefore, any persons who are subject to the laws of any jurisdiction other    
than South Africa should inform themselves about, and observe any applicable    
requirements in, those jurisdictions.                                           
This announcement is not intended to, and does not constitute, or form part     
of, an offer to sell or an invitation to purchase or subscribe for any          
securities or a solicitation of any vote or approval in any jurisdiction.       
Date: 02/04/2012 16:47:48 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.