Rescue operation underway at Palabora underground mine and production halted PALABORA MINING COMPANY LIMITED (Incorporated in the Republic of South Africa) Registration number – 1956/002134/06 JSE Code: PAM ISIN: ZAE000005245 (“Palabora” or “the Company”) Rescue operation underway at Palabora underground mine and production halted Palabora Mining Company Limited (Palabora) is undertaking a rescue operation at its underground mine and all production has been halted since the incident happened. Two workers who were carrying out repairs on a crusher became trapped underground at approximately 02:30am on Sunday 14th October. The first of the trapped workers was successfully rescued at approximately 16:30, and taken to the local Phalaborwa hospital for stabilisation and then transferred to Tzaneen Hospital where he is recovering in intensive care. Work continues to rescue the second worker. Palabora managing director Tony Lennox said: “We are deeply shocked and saddened by this incident. Our highest priority is the safe rescue of the worker still trapped underground. We have a highly skilled rescue team working to bring him to surface as quickly as possible. Our people are with the families of the two men and providing support. We wish the rescued miner a full and speedy recovery.” Palabora’s Emergency (PROTO) team and a medical team are at the scene and additional emergency teams from neighbouring mines have joined Palabora to assist with the rescue. Production has been stopped until further notice. Palabora is South Africa’s major producer of refined copper and operates an underground block cave mine, a smelter and refinery complex based in Phalaborwa in the Limpopo Province of South Africa. Phalaborwa 15 October 2012 Sponsor One Capital Date: 15/10/2012 09:24:00 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.