Sharenet Sites 
Sharenet Sites
OPT - Optimum Coal Holdings Limited - Results of the mandatory offer by a consortium comprising of Glencore and Lexshell for the remaining shares in the issued share capital of Optimum for a cash consideration of R38 per Optimum share Optimum Coal Holdings Limited (Registration No. 2006/007799/06) Share Code: OPT ISIN Code: ZAE000144663 ("Optimum") Piruto B.V. (incorporated in the Netherlands) (Registration No. 1610663) ("Glencore") Lexshell 849 Investments (Proprietary) Limited (Registration No. 2010/023373/07) ("Lexshell") RESULTS OF THE MANDATORY OFFER BY A CONSORTIUM COMPRISING OF GLENCORE AND LEXSHELL (THE "Consortium") FOR THE REMAINING SHARES IN THE ISSUED SHARE CAPITAL OF OPTIMUM FOR A CASH CONSIDERATION OF R38 PER OPTIMUM SHARE (SUCH OFFER, THE "Mandatory Offer") 1. Shareholders are referred to 1.1 the combined offer circular regarding the Mandatory Offer, which was posted to shareholders on 26 April 2012; and 1.2 the announcement released on SENS on 15 May 2012 and published in the press on 16 May 2012 regarding, inter alia, the extension of the period for acceptance of the Mandatory Offer. 2. The Mandatory Offer closed at 12:00 on Friday, 22 June 2012. 3. Shareholders are advised that shareholders holding 7 787 160 Optimum shares have accepted the Mandatory Offer. Consequently, the Consortium has now acquired, directly and indirectly, 71.10% of the issued ordinary share capital of Optimum. Minority shareholders in Optimum were contacted for the purposes of the Mandatory Offer by Trifecta Capital Services` proactive Investor Participation Communication Service. 4. Certificated shareholders who have accepted the Mandatory Offer will have the offer consideration posted to them or transferred to them by way of electronic funds transfer within six business days of the date on which their documents of title and forms of acceptance, surrender and transfer are received by the transfer secretaries, Computershare Investor Services (Pty) Ltd ("Computershare"). 5. Dematerialised shareholders who have accepted the Mandatory Offer will have their accounts at their CSDP or broker updated by no later than the sixth business day after the date on which the dematerialised shareholder`s acceptance of the Mandatory Offer is notified to the transfer secretaries, Computershare. Johannesburg 25 June 2012 Sponsor to Optimum Rand Merchant Bank (a division of FirstRand Bank Limited) Legal Adviser to Optimum Webber Wentzel Financial Advisor to Glencore Bank of America Merrill Lynch Legal Adviser to Glencore Werksmans Incorporated Legal Adviser to Lexshell Edward Nathan Sonnenbergs Incorporated Date: 25/06/2012 13:18:17 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.
