Loss per share and headline earnings per share disclosure Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW ISIN: AU000000TAW7 Share code on the Australian Stock Exchange Limited: TAW ISIN: AU000000TAW7 (“the Company”) Loss per share and headline earnings per share disclosure Classification of securities as ordinary shares The Company has only one category of ordinary shares included in basic loss per share. Classification of securities as potential ordinary shares There are currently no securities to be classified as dilutive potential ordinary shares on issue. 2012 2011 Number Number Weighted average number of ordinary shares used in the calculation of basic loss per share 865,231,783 801,529,216 $ $ Net loss from continuing and discontinuing operations (6,473,524) (10,102,492) Net loss from continuing operations (6,460,725) (976,759) The loss per share calculation as disclosed on the Statement of Comprehensive Income does not include instruments that could potentially dilute basic earnings per share in the future as these instruments were anti-dilutive in the periods presented. A summary of such instruments is as follows: Equity securities Number of Number of securities potential ordinary shares Options over ordinary shares 180,500,000 181,000,000 No options have been issued subsequent to year end but prior to the date of issue of these financial statements. Headline earnings per share (unaudited) Reconciliation of net loss to headline earnings Consolidated 2012 2011 $ $ Net loss (6,473,524) (10,102,492) Add: Loss from discontinued operations after tax 12,799 9,125,733 Headline earnings from continuing and discontinuing operations used in the calculation of headline earnings per share (6,460,725) (976,759) Headline earnings per share (cents) (0.74) (0.12) Note: This announcement is to be read in conjunction with the Annual report of the Company, which has been released at the same time as this announcement. 28 March 2013 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 28/03/2013 10:23:00 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.