Announcement relating to the empowerment of Sentula’s Bankfontein Coal Project SENTULA MINING LIMITED Incorporated in the Republic of South Africa (Registration number: 1992/001973/06) Share code: SNU ISIN: ZAE000107223 (“Sentula” or “the Company”) ANNOUNCEMENT RELATING TO THE EMPOWERMENT OF SENTULA’S BANKFONTEIN COAL PROJECT Shareholders of Sentula (“Shareholders”) are referred to the announcement released on the Securities Exchange News Service of the JSE Limited on Monday, 17 September 2012 and published in the press on Tuesday, 18 September 2012, which sets out the terms of the proposed empowerment of Sentula’s Bankfontein coal project (“the Bankfontein Project”), held by Sentula’s wholly-owned subsidiary Benicon Mining (Proprietary) Limited (“Benicon Mining”) by introducing its existing empowerment consortium, Shanike Investments No 171 Proprietary Limited (RF) (“BEE Co”) as a 26% shareholder in Benicon Mining (“the Transaction”). Shareholders are advised that the conditions precedent to the Transaction have now been fulfilled and accordingly the Transaction has been implemented in accordance with its terms. Johannesburg 1 November 2012 Investment bank and transaction sponsor The Standard Bank of South Africa Limited Sponsor Merchantec Capital Attorneys and legal advisors Edward Nathan Sonnenbergs Inc. Independent expert BDO Corporate Finance Proprietary Limited IR Advisors College Hill Date: 01/11/2012 05:25:00 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.