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MINE WASTE SOLUTIONS (PTY) LTD - REDEMPTION AND DELISTING OF MINE WASTE SECURED CONVERTIBLE NOTES

Release Date: 20/07/2012 14:01
Code(s): MWNT
Wrap Text
REDEMPTION AND DELISTING OF MINE WASTE SECURED CONVERTIBLE NOTES

Mine Waste Solutions (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number2000/1443/07)
JSE code MWNT, ISIN: ZAE000156261
(“Mine Waste Solutions”, “MWS” or “the Company”)

REDEMPTION AND DELISTING OF MINE WASTE SECURED CONVERTIBLE NOTES

JOHANNESBURG, July 20, 2012 - Noteholders of Mine Waste Solutions (Proprietary) Limited
(JSE:MWNT) (ISIN: ZAE000156261)(“the Company or MWS”) are referred to the announcement
earlier today of First Uranium Corporation (TSX:FIU.UN), (JSE:FUU) (ISIN:CA33744R5087) (“First
Uranium”) wherein First Uranium announced that the Implementation Date occurred, as defined in
the agreement dated March 2, 2012 for the sale, indirectly, of all of the shares of MWS, owner of the
tailings recovery project in South Africa, to AngloGold Ashanti Limited.

At this juncture, certain documents relating to the discharge of the security held for the benefit of
the 7% secured convertible notes due March 31, 2013 (the “Canadian Notes”) issued by First
Uranium, the 11% secured convertible notes due March 31, 2013 (the “Rand Notes”) issued by
MWS, and the Gold One US$10 million loan facility, have been registered by the appropriate deeds
office releasing all security in the MWS assets.

Today, Computershare Trust Company of Canada and Computershare Investor Services (Proprietary)
Inc., as Purchase Price Stakeholders will pay: (i) to BNY Trust Company of Canada, as trustee for the
holders of the Canadian Notes, C$110 million, and to or to the order of GMG Trust Company (SA)
(Pty) Ltd., as trustee for the holders of the Rand Notes, ZAR418.6 million, (ii) to Gold One, US$10
million plus accrued interest; (iii) US$25 million to the warranty escrow agent; and (iv) the balance to
First Uranium.

The Rand Notes will be redeemed at a price of R1 000 per Rand Note and delisted, the details of
which are as follows:

ISIN number of the Rand Notes                             ZAE000156261
JSE Code                                                  MWNT
Short name                                                Mine Waste Solutions
Last Date to Trade                                        Monday, 23 July 2012
Note suspended on the JSE at
 commencement of trade                                    Tuesday, 24 July 2012
Record date                                               Monday, 30 July 2012
Payment to Noteholders                                    Tuesday, 31 July 2012
Note terminated at commencement of trade                  Wednesday, 1 August 2012

20 July 2012

Sponsor: Investec Bank Limited

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