Conclusion of unprotected strike by contractor employees at Somkhele Mine in Kwazulu-Natal 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") Conclusion of unprotected strike by contractor employees at Somkhele mine in KwaZulu-Natal Further to the announcement by Petmin dated Friday 28 September 2012, shareholders are advised that operations are returning to normal at the company’s Somkhele anthracite mine in KwaZulu- Natal in South Africa. This follows the conclusion of an unprotected strike by approximately 350 workers employed by Sandton Plant Hire (“SPH”), the opencast contractor at Somkhele. The unprotected strike, as contemplated in Section 68 of the South African Labour Relations Act, 66 of 1995, started on Tuesday 25 September. On Friday 5 October, SPH management signed an agreement with union representatives, subject to approval by SPH employees. Approval of the agreement was secured at a meeting between SPH employees and their representatives from the NUM and Amcu unions on Sunday 7 October. The agreement includes restructuring of wage packages, an increase in shift allowances and housing allowances, and a commitment between all parties to establish a working committee to address productivity at the Somkhele mine. The pay packages of SPH employees are now similar to those of workers employed directly by Tendele Coal Mining (“Tendele”), a wholly-owned Petmin subsidiary which operates the Somkhele mine. As part of the agreement, SPH employees signed an acknowledgement that the strike was unprotected and that a final warning letter would be placed on their employee files. Petmin and Tendele management have expressed their appreciation to union and community leaders around Somkhele for their role in resolving the unprotected strike, and look forward to a speedy return to full production. Enquiries: Petmin 011 706 1644 www.petmin.co.za Media enquiries Jonathon Rees +27 76 185 1827 jonathon@proofcommunication.com Nominated Adviser and Broker (AIM) Macquarie Capital (Europe) Limited Nicholas Harland, Steve Baldwin +44 20 3037 2369 Sponsor and Corporate Advisor (JSE) River Group Andrew Lianos +27 83 4408 365 Johannesburg 8 October 2012 Date: 08/10/2012 08:59:00 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.