GOLD ONE INTERNATIONAL LIMITED - Appendix 4E

Appendix 4E

Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number 2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the “company”) 

Appendix 4E

Full year report


Results for announcement to the market for the year ended 31 December 2012
Extracts from the full year report for announcement to the market


                                                        31 Dec 2012    31 Dec 2011   Change
                                                          A$’000         A$’000        %
Revenue from continuing
operations                                                  381,633     188,260      103%
Profit/(loss) from ordinary
activities after tax attributable to
members                                                      30,152      49,893      (40%)
Net profit/(loss) for the period
attributable to members                                     (11,863)     15,627      (176%)

Net Tangible Assets (NTA) per security
The NTA per ordinary share based on the net assets of the group at 31
December 2012 is A$ 0.25

On a fully diluted basis, assuming all options were exercised at 31 December
2012, the NTA would be A$ 0.24

Dividends
No dividends were declared or paid to shareholders during the year.

Brief explanation of underlying profit
The results for the year ended 31 December 2012 have been characterised by
impressive performance under challenging operating conditions in the South
African mining environment. Modder East’s gold production amounted to 97,958
ounces. Rand Uranium and Ezulwini, acquired during 2012, contributed a further
143,797 ounces of gold production. As a result of the increased gold production
and higher achieved gold prices, revenue from gold sales increased from
A$188,260 million in 2011 to A$381,633 million in 2012. The resulting net profits
have declined, however, to A$30.152 million (2011 - A$49.893 million) as a result
of the industry wide strike action and certain operational challenges at the Cooke
Underground Operations.

Noteworthy during the period was the broad-based black economic
empowerment arrangements that were entered into, which resulted in a once-off
non-cash charge of A$28.685 million for the life of mine. These agreements were
entered into in order to comply with the requirements set out in the South African
Mining Charter. Further details are provided in the financial statements.

Included in profit for the year was a gain on bargain purchase amounting to
A$107.206 million, which the Gold One Group recorded as a result of the bargain
purchase of Rand Uranium and Ezulwini. Of this gain A$5 million relates to the
purchase of Ezulwini and is a provisional amount which will be finalised in 2013.
Further details are provided in the financial statements.
Control over entities
                                                      Consolidated profit/(loss)
                                                    from ordinary activities after
                                                   tax of the controlled entity (or
                                                     group of entities) since the
                                                    date in the current period on
  Name of entity (or group of      Date control      which control was acquired
          entities)                  gained                   (A$’000)

Rand Uranium (Pty) Limited       6 January 2012               (18,667)

Goliath Gold Mining Limited*       1 April 2012                (7,607)

Gold One Europe Limited**        1 August 2012                (23,755)

* On 1 April 2012 the Gold One Group acquired control of Goliath Gold
comprising the following entities:

   -   Goliath Gold Mining Limited
   -   Far East Gold SPV (Pty) Limited
   -   Consolidated Resources & Exploration Limited
   -   Guild Hall No. 22 (Pty) Limited
   -   IWN Investments (Pty) Limited
   -   Brakfontein Diamante (Pty) Limited
   -   Witnigel Investments (Pty) Limited
   -   Newlands Minerals (Pty) Limited

** On 1 August 2012 the Gold one Group acquired control of Gold One Europe
comprising the following entities:

   - Gold One Europe Limited
   - Ezulwini Mining Company Proprietary Limited

The Gold One Group incorporated the following entities during the period:

   -   Newshelf 1114 (Pty) Limited
   -   Newshelf 1118 (Pty) Limited
   -   Newshelf 1186 (Pty) Limited
   -   Newshelf 1198 (Pty) Limited
   -   Newshelf 1202 (Pty) Limited
   -   Gold One Asia Limited
   -   Gold One Asia Management Limited
No other changes in control over entities occurred during the year to 31
December 2012.

Distributions
No distributions have been declared in respect of the year to 31 December 2012
or the corresponding period to 31 December 2011.

Associates and joint ventures
The group does not have an interest in any associates or joint venture entities.

Foreign accounting standards
Not applicable

Audit
This report has been based on the full year accounts which have been audited.


For more information please refer to the full year report for the year to 31
December 2012.

Johannesburg 
28 February 2013

JSE Sponsor
Macquarie First South Capital (Pty) Limited

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