Disposal of Megacube Assets SENTULA MINING LIMITED Incorporated in the Republic of South Africa (Registration number: 1992/001973/06) Share code: SNU ISIN: ZAE000107223 (“Sentula” or “the Company”) DISPOSAL OF MEGACUBE ASSETS Shareholders are referred to the announcement released on SENS on 8 January 2013 (“Announcement”), and using the terms defined therein unless otherwise stated, are hereby informed that Sentula, Megacube and the Auctioneer have entered into an addendum to the Agreement (“Addendum”) to record, inter alia, the final list of Equipment which will be subject to the Auction. The book value of the Equipment to be auctioned has been agreed at R266 million. Shareholders are advised that subsequent to discussions regarding the categorisation of the Disposal with the JSE pursuant to the Listings Requirements, the JSE has determined that the Disposal constitutes a Category 1 transaction. Accordingly, a circular containing full details of the Disposal (“Circular”), including, inter alia, a notice to convene a general meeting of shareholders of Sentula in order to consider and, if deemed fit to pass, with or without modification, the resolutions necessary to approve and implement the Disposal, will be distributed to shareholders of Sentula in due course. In light of the Category 1 transaction requirements, and in terms of the Addendum, Megacube is entitled (but not obliged) to postpone the date of the Auction by way of written notice to the Auctioneer so as to provide Sentula with a reasonable period of time within which to comply with the aforementioned requirements of the JSE. Shareholders will be advised of the Auction date in due course. Shareholders are referred to the Announcement and are reminded to continue to exercise caution when dealing in Sentula’s securities until a further announcement, incorporating the pro forma financial effects of the Disposal, is made. Johannesburg 18 January 2013 Sponsor Merchantec Capital Legal advisors Cliffe Dekker Hofmeyr IR advisors College Hill Date: 18/01/2013 08:45:00 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.