Petmin signs off five-year Somkhele take-off agreement 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") 24 October 2012 PETMIN SIGNS OFF FIVE-YEAR SOMKHELE TAKE-OFF AGREEMENT Petmin is pleased to announce it has entered into a five-year take-or-pay sale agreement for 300,000 tonnes per annum of production from the third wash plant under development at its Somkhele anthracite mine in KwaZulu-Natal, South Africa. The Somkhele mine produces metallurgical anthracite for domestic and export markets. Following the commissioning of a second wash plant in March 2012, the mine has a production capacity of 1.2 million saleable tonnes of anthracite per annum. A third wash plant is under construction for a cost of R62 million (£4.4* million) and is scheduled for completion in January 2013. The third plant is designed to process discard arising from the two existing anthracite wash plants and will have capacity to produce up to 500,000 tonnes of energy product annually for the energy market. “For no additional mining costs, the third Somkhele plant will enable Petmin to produce 500,000 tonnes of energy product,” said Petmin’s director of business development, Bradley Doig. “More than half of that product has now been sold forward, prior to the plant being commissioned. In line with our strategy, this provides Petmin with good visibility of earnings into the future.” The third plant is expected to increase Somkhele’s overall plant yield from 42% to 50% and enables greater operational flexibility at the mine. The third plant will be able to process 330 tonnes per hour of discard from the two existing anthracite wash plants. * Exchange rate applied: ZAR13.9061:£1 Enquiries: Petmin Bradley Doig +27 11 706 1644 Media Jonathon Rees +27 76 185 1827 Sponsor and Corporate Advisor (JSE) River Group Andrew Lianos +27 834 408 365 Nominated Adviser and Broker (AIM) Macquarie Capital (Europe) Limited Steve Baldwin +44 20 3037 2362 Nicholas Harland +44 20 3037 2369 River Group Johannesburg 24 October 2012 Date: 24/10/2012 04:45:00 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.