Updated details relating to the acquisition of Namaqualand Mines and further Cautionary Announcement Trans Hex Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1963/007579/06) Share code: TSX ISIN: ZAE000018552 ("Trans Hex" or the "Company") UPDATED DETAILS RELATING TO THE ACQUISITION OF NAMAQUALAND MINES AND FURTHER CAUTIONARY ANNOUNCEMENT Introduction Shareholders are referred to prior announcements, the last of which was released on SENS on 8 March 2013, wherein Trans Hex announced the signature and subsequent amendment of an agreement with De Beers Consolidated Mines Limited (“DBCM”) in terms of which, and subject to certain conditions precedent, its 50% held joint- venture company, Emerald Panther Investments 78 (Proprietary) Limited (“EPI”), will acquire assets and liabilities relating to Namaqualand Mines, a division of DBCM (“the Proposed Transaction”). Approval of transfer of prospecting and mining rights Trans Hex is pleased to report that the Department of Mineral Resources (“DMR”) has now formally approved the transfer of the applicable prospecting and mining rights in respect of Namaqualand Mines from DBCM to EPI. All necessary statutory and regulatory approvals required for entering into and implementing the Proposed Transaction have therefore now been obtained. Conditions precedent The Proposed Transaction remains conditional upon the fulfilment of the following conditions precedent: - the parties reaching agreement with the DMR in relation to the DMR`s interest in Namaqualand Mines; and - approval of the Proposed Transaction by Trans Hex shareholders in terms of the JSE Limited Listings Requirements. The Proposed Transaction will be implemented ten business days after the fulfilment or, where appropriate, waiver of all of the conditions precedent, which is expected to be within 3 to 6 months of this announcement. Further Cautionary Certain aspects of the Proposed Transaction, as well as the pro forma financial effects, have not yet been finalised. As a result, shareholders are advised to continue to exercise caution when dealing in the company’s securities until a full announcement is released. For and on behalf of the board Cape Town 11 March 2013 Transaction Advisor QuestCo (Pty) Limited Attorneys Bowman Gilfillan Inc. JSE Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 11/03/2013 01:00:00 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.